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If they sell it other investors are buying it so I don't get this argument.
by samfisher83 9y ago
If they sell it other investors are buying it so I don't get this argument.
- gonvaled 9y agoHuh? The buyer would not pay inheritance tax, the seller would, with the proceedimgs from the sell.
- colefichter 9y agoI think the idea is that capital gets broken up into smaller chunks. When we're talking about creating middle-class manufacturing jobs, you obviously need to build, say, a factory to create those jobs. That factory requires a very large investment of capital, which becomes less likely when you start breaking up large estates. I've no idea if it actually plays out this way in the real world, but that seems to be implication here.