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I disagree with the idea that people will just find a way around the law. My problem with the idea is if it /works/. How does all of that stuff find its way ba
by clavalle 10y ago
I disagree with the idea that people will just find a way around the law.
My problem with the idea is if it /works/. How does all of that stuff find its way back into the hands of people that can make the most use of it?
- maehwasu 10y agoWhat is your disagreement based on?
- clavalle 10y agoThat 100% doesn't give a lot of wiggle room. Avoiding estate tax as it stands is incredibly difficult and generally takes decades of planning and foresight. There is already a fairly substantial incentive to avoid it and there is a reason that very smart, resourceful people that number in the millions don't. It turns out that wealthy people cannot just snap their fingers and wish away the law despite the popular myth that they can.
- pjc50 10y agoEven trivial googling suggests that avoidance at current levels is widespread. https://books.google.co.uk/books?id=iYKXYgSAaLsC&pg=PA311&lpg=PA311&dq=extent+of+estate+tax+avoidance&source=bl&ots=AvTXrFKgKv&sig=n6yxUekNQfQBnIR9_Y8X7v0h-lQ&hl=en&sa=X&ved=0ahUKEwjOveCoqMDTAhVqL8AKHeETClMQ6AEISjAG#v=onepage&q=extent%20of%20estate%20tax%20avoidance&f=false https://books.google.co.uk/books?id=iYKXYgSAaLsC&pg=PA311&lp...
- conanbatt 10y agoArgentina has a big real estate tax, so people donate their property to their children in life. The result is that poor and unprepared get hit by the tax, while rich people that live longer and are more educated shelter themselves of it. It is my opinion that people are truly ingenious and forcing them to do something will be met with tremendous resistance.