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What we need is an inheritance tax on all of the wealth that people didn’t work for. Unearned wealth in the form of real estate and capital appreciation. It’s f
by chongli 7y ago
What we need is an inheritance tax on all of the wealth that people didn’t work for. Unearned wealth in the form of real estate and capital appreciation. It’s fine for the hard-working middle class person to pass on their hard-earned home to their child. It’s not so fine if the house has gone up in value 10000% since the time they purchased it.
- travisoneill1 7y agoThis would classify the work of all company founders as "unearned"
- chongli 7y agoThere's a big difference between putting your money on the line with a startup you founded and just having the house you live in appreciate over several decades.
- imtringued 7y agoI don't get it. If you problem is too low capital gains taxes then just say that outright instead of hiding behind an inheritance tax that doesn't even achieve your goals.