[giantg2]

"Once you're rich enough..."

Which means you had to recieve that money at some point and it would have been taxed.

I'm sure rich people can avoid or find a way to deduct property taxes anyways. For example, setting up an anonymous Wyoming LLC or some form of trust.

It sounds like the system you are describing for the elderly is specific to CA.

[njarboe]

Most problems and gaming of the tax system comes down to the fact that people are taxed on income and businesses are taxed on profit. Maybe we should tax businesses on income also, but that would be a very different world. Might as well make income taxes illegal and implement a national land tax.