re: #659 Obdicut

Again: I’m asking you about this as it applied to liquid or semi-liquid assets. You are still talking about family-run businesses.

I’m sorry, what’s the argument there— that we shouldn’t lay taxes that disrupt people’s lifestyles?

I think the gist of the argument is that the taxable event generated by the death and transfer of, say, a business, could be sufficiently large as to require the liquidation of the underlying taxed asset in order to cover the liability. That kills the business.