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What would really rally popular opposition is the massive massive amounts of spending on propaganda (advertising, etc whatever you want to call it) to galvanize
by MiroF 7y ago
What would really rally popular opposition is the massive massive amounts of spending on propaganda (advertising, etc whatever you want to call it) to galvanize the American public to oppose something like this.
We live in a democracy, but elites still have enough say that something like an 100% inheritance tax is effectively off the table.
- RhysU 7y agoA 100% inheritance tax would be a nightmare in practice. Grandma died? Cool, go sell her house now.
- MiroF 7y agoSelling the house of a deceased relative seems to be a common existing ritual, no? This objection might be stronger if it were more fleshed out.
- harimau777 7y agoI think the problem could arise in the case of things like heirlooms or homes that have been in the family for years. I think you might also need to write the law so that people could choose to inherit debt on the same terms as their parents. Otherwise, couldn't the bank demand a higher interest rate as a way to force someone off of their property? How does this sort of thing work currently?
- MiroF 7y agoRealistically, a law like this (though it would never happen) would be something along the lines of 100% tax on inheritances over 10 million dollars. > I think you might also need to write the law so that people could choose to inherit debt on the same terms as their parents. I assumed that this was already the case. quick e: Yeah, seems like this is already law "Under federal law, lenders must allow family members to take over a mortgage when they inherit residential property" [0] https://www.thebalance.com/what-happens-to-your-mortgage-when-you-die-4158246 https://www.thebalance.com/what-happens-to-your-mortgage-whe...
- deleted 7y ago[deleted]
- rstupek 7y agoOr go sell the family farm, or family business, etc.