Just like 'Land Value Tax' needs a mechanism of market evaluation of property (and current use / contents) value as a fix, I think a similar solution can apply to taxes.
Require a reporting of all liquid cash, property of substantive (resellable) value, and 'investments' of any sort. Liabilities could also be considered for a literal Net Worth tax.
In that evaluation the 'self loan' loophole should equal out to cash on hand / value and also an unpaid liability.
Require a reporting of all liquid cash, property of substantive (resellable) value, and 'investments' of any sort. Liabilities could also be considered for a literal Net Worth tax.
In that evaluation the 'self loan' loophole should equal out to cash on hand / value and also an unpaid liability.