Surely only an absolute lunatic would pass that sort of law. And by then it's too late, because it's Socialism with extra steps.
Why not? We tax property every year on it's assessed value. I think it's pretty clear that the wealthy will need to pay more taxes throughout the world to deal with an aging population.
I'm a little tired of billionaires 'buy, borrow, dying' to get around the paltry taxes they're currently subject to. We need a harder tax to dodge.
The fascism we CURRENTLY HAVE is far more preferable
Oh, no, not Socialism! That's worse than attending a Macklemore concert!
Doesn't Switzerland do this instead of capital gains? Makes sense IMO, much better to tax wealth than discourage transactions.