Of course, it is also a threat to those entrenched interests that aren't taxed right now...

In the long run, we're all dead. John Maynard Keynes

The problem with taxing something is that one has to be able to quantify it first.

"It's the statue, man, The Statue."

I think this is an interesting thought, and it would be fun to explore.  I think of all of us as borrowing our "possessions and things" anyway.  Life ends, and it's not yours.  I believe that passing wealth from generation to generation, family to family that is, can be a very bad thing--particularly when taken at the extreme of passing it to other generations without taxing it, effectively maintaining a wealthy class that one is born into.

but then what are the implications of this?  would renters invest in maintaining the property?  how would this concept fit into taxes on the generational transfer of wealth?  I'm looking forward to Geonomist's promised future diary on this.