> voiding the obvious argument that capital gains are eventually taxed - the rich are not escaping that.
In one sense yes, but if they're living happily on a tiny fraction of their wealth then they can hang on to the rest until an opportune time to cash out. Governments come and go, taxes are imposed and abolished, loopholes open and close. If they can afford to play the long game then "eventually" may be very different to what would happen if they cashed out today.
In one sense yes, but if they're living happily on a tiny fraction of their wealth then they can hang on to the rest until an opportune time to cash out. Governments come and go, taxes are imposed and abolished, loopholes open and close. If they can afford to play the long game then "eventually" may be very different to what would happen if they cashed out today.