4D4 - Anti Feudal America

@antifeudalamerica.com

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Is a : Data Engineer | Postmodern renaissance thinker | Civics & economics nerd, science enthusiast, history buff | Frustrated by neo-feudalism & wealth hoarding | Believer in systemic reform & humanity's potential to build something better | Human 😎

Say a fund is run by code and nobody controls it. Fine. Then it sits on the ledger with no registered controller, open to claim by anyone who can demonstrate control and take on the duty. Watch how fast an owner appears.
The strategy has three steps. Buy assets and never sell them, so there is no taxable gain. Borrow against them, because a loan is not income. Die, and the basis resets, erasing the gain entirely. No step is illegal.
A billionaire's lawyers will tell you his superyacht is "personal use," not taxable wealth. His art collection is "priceless," meaning unvaluable. His charitable trust "belongs to the foundation," not to him.
A teacher earning $58,000 pays about 24% of her income in federal taxes. A billionaire controlling $8.3 billion pays an effective rate of 0.3% on his wealth. That is not a loophole. It is what happens when a system taxes what you earn instead of what you control.
"You cannot value private assets" is a major objection to taxing wealth. Banks value those same assets every single day and lend real money against them. If it is good enough for collateral, it is good enough for a tax bill.