hm this SEEMS correct but I'm not totally sure it depends on some things would held cash still be taxed? if so probably not quite so much change HOWEVER,https://twitter.com/asglidden/status/1184730466563149831 …
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my hunch is that it would be possible for the wealthy to handle this elegantly eg: assets moved to trusts that pay out to them/descendents eg: assets distributed to descendents or trusts for these descendents well be death eg: "loans" to firms over time, firms invest
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