| ▲ | seanmcdirmid an hour ago | |
Wealth taxes require liquidating investments early and don’t promote good practices, especially if they are applied broadly. I would opt for a tax on loans instead (you have to prepay tax on loans that use investments as collateral and no more step up in basis on death). | ||
| ▲ | andriy_koval an hour ago | parent [-] | |
> Wealth taxes require liquidating investments early it works for RE already without liquidation > . I would opt for a tax on loans instead (you have to prepay tax on loans that use investments as collateral and no more step up in basis on death). rich just will move from this scheme to something else, and nothing changes. | ||