You could try to force people to pay capital gains every 5 years
So if you want to own a stock for 20 years; you have to periodically pay taxes. If the stock goes down ... you can report a loss. Forced realization?
The same is true in principle for real estate or businesses.
Devil is in the details of course; its hard to assess the value of assets that are not regularly traded and of course having taxes would depress the value of regularly traded assets as opposed to opaque structures.
Maybe my friend Google! has studied the prospect. But I don't see the evidence from a quick search.
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In response to this post by WahooMatt05)
Posted: 08/10/2020 at 12:20PM