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It's an issue because so much of the justification for less taxes on the 1% and on inheritance is centered on the idea that they somehow "earned it." Also that
by nikdaheratik 10y ago
It's an issue because so much of the justification for less taxes on the 1% and on inheritance is centered on the idea that they somehow "earned it." Also that you are punishing people who are not part of these extremely wealthy households, but could be if they "worked hard".
If the reality is that they basically are there because they were born into it and that there's very little chance that anyone outside the 1% can move into that level of wealth, then you have to find a different justification for the tax benefits they have received over the past 20-30 years.