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This is why we need estate tax. It should also apply to trusts and the like. If you're in the 1%, most likely you did nothing to earn it. This is one of the r
by justherefortart 9y ago
This is why we need estate tax. It should also apply to trusts and the like.
If you're in the 1%, most likely you did nothing to earn it.
This is one of the reasons people left for America from the UK. You couldn't own land.
- deleted 9y ago[deleted]
- bovermyer 9y agoThe article states that a large portion of the 1% (at least in America) is comprised of the working rich. Whether an estate tax is needed or not is irrelevant to the material of the article.
- notfromhere 9y ago1% of income earners, not 1% of wealthy individuals. That's a very important distinction
- meritt 9y agoA large number of people here on HN are in the 1% as you only need a household income of $465k. That's easily met by two mid-level engineers at Google, Apple, Facebook, Netflix, AirBNB, et al.