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yes but it also has the added benefit of preventing heirs of plutocrats from hijacking democracy.
by etrautmann 7y ago
yes but it also has the added benefit of preventing heirs of plutocrats from hijacking democracy.
- CoolGuySteve 7y agoThere are so many loopholes involving trusts, corporate ownership, family foundations, and offshore assets that the effective tax rate is actually not that high. The Walton family is a good case study. So heirs are still gonna heir, for the most part.