If you have a couple hundred billion dollars in unrealized, never-taxed capital gains, having to pay taxes will cost you tens of billions of dollars.
Presently some very wealthy people can borrow against their stock for their living expenses — that's often cheaper than selling stock and paying taxes on it.
When you die, all of those unrealized, never-taxed capital gains are conveniently wiped off the books for your heirs.
You may have to pay the estate tax before your heirs get the now-cap-gains-tax-free assets — *if* the estate tax is still on the books when you die. (There is a proposal backed by dozens of GOP senators to eliminate the estate tax.)
I think there is about a $100B difference in taxes for the richest person in USA under the Wyden-preferred tax code and the McConnell-preferred tax code.
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