Reply to post: Re: Meh

Re: Meh

The problem with Taxing them, is all taxes are based on income or gains at time of sale.

Rich people don't make most of their money via income. Its all investments, and other financial papershifting.

So, they could be worth a bazillion billion $$, but most of that is paper until it is excised out somehow at just the right time and rate to minimize their capital gains obligation.