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Since when is that the only purpose of taxes? I have no idea how efficiently the Korean govt distributes capital, but there are other reasons inheritance taxes
by jjj123 6y ago
Since when is that the only purpose of taxes?
I have no idea how efficiently the Korean govt distributes capital, but there are other reasons inheritance taxes are a good thing. Primarily because they limit the concentration of generational wealth in the 0.1%.
- atat7024 6y agoUnless all the tax money is used for subsidies/grants etc for companies owned by the elite/.01%.
- vmception 6y agoThe aggregate outcome of government taxation is as a deterrent to sitting on piles of cash that year. Most fiscal policy via taxation is incentivizing the private property owner to create certain kinds of transactions in the economy, and if they fail to do so then the government runs a calculation on the remainder. Thats the outcome whether any individual representative or tax policy expert would say that. The private persons operate within the existing world and have no utility in making an opinion on the purpose of tax, only reacting and playing within the system. As such, it is surprising then that this family has not created transactions that would mitigate or nullify the state’s claim on their property.