U.S.

TREASURY SECRETARY YELLEN PROPOSES A TAX ON UNREALIZED CAPITAL GAINS & LIQUID ASSETS OF BILLIONAIRES

This includes death benefits (inheritance). See this post on Step-Up Basis. Yellen avoids calling it a wealth tax. The funds would help finance Biden's $3.5 Trillion "Build Back Better" Act.

For those cheering this on, consider their penchant for changing the terms -- once approved, this demographic would likely slide in the name of "Equity".

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https://thehill.com/policy/finance/578231-dems-look-to-keep-tax-on-billionaires-in-spending-bill