Comment by hingler36

I guess I'm in the weird position of being a leftist who is generally against wealth taxes. Taxing non-liquid wealth like this requires the government to be able to accurately assess the value of these assets and that's an unrealistic burden IMO. I would rather address the "Buy, Borrow, Die" paradigm from other angles, like restricting the classes of assets one can borrow money against to force liquidation and therefore be subject to a traditional capital gains tax instead. That way the market takes care of the problem of pricing the asset and society can impose a tax on that valuation.