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It seems to me that would only incentive rich people to be more outlandish consumers during their lives. If the government won't let me give it to my kids I mig
by harryh 10y ago
It seems to me that would only incentive rich people to be more outlandish consumers during their lives. If the government won't let me give it to my kids I might as well go ahead and buy that yacht.
- Inconel 10y agoI'm not nearly knowledgable enough on economics to determine the overall effects of such a tax, so please take this with a very large grain of salt, but couldn't it be argued that you purchasing a yacht would be better for the economy than passing on a fortune to heirs? Yachts seem to require a ton of skilled labor to build and maintain. I assume they provide for many solidly middle class jobs.