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Stripping enterprises of their cash quickly is hardly an example of rent-seeking. If money is directed towards conspicuous consumption, it recirculates into the
by morgante 10y ago
Stripping enterprises of their cash quickly is hardly an example of rent-seeking. If money is directed towards conspicuous consumption, it recirculates into the economy. I definitely consider that superior to inflating unearned fortunes.
The Russian example seems to be more a testament to the danger of unstable political regimes, not the problems of a high inheritance tax.