So, for (3), we ask: what would revenue potential look like without step-up?
Taxing gains at death would raise revenue directly. But, crucially, it'd also make realizations less responsive to tax—there'd be much less of a reason to defer—so we'd get a higher Laffer curve peak.
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@TheStalwart @Havelock_AI for all the concern over dogged paperclipmaxxing behavior, in my experience the models more frequently exhibit the opposite failure mode—being kind of lazy or losing coherence without frequent steering
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When Claude comes to me with a wall of text like “I smoke-verified the config-guarded ‘one authority per tibble‘ materialization core (clean), but the metadata-bearing patches (no-op) are spec-shaped—and that’s a call that’s genuinely yours.”
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