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I prefer a robust system of inheritance taxes. Build your company, run it, do a good job and reap the rewards, but there's no reason all of that must go to your
by simonh 5y ago
I prefer a robust system of inheritance taxes. Build your company, run it, do a good job and reap the rewards, but there's no reason all of that must go to your descendants as against anyone else. Provide for them sure, even lavishly, but in the millions not tens or hundreds of millions.
There are a lot of people in the US deeply dissatisfied with the levels of inequality and the way the deck is stacked against low earners. That does need to be addresses, but plenty of countries have done so without turning to outright Communism and Marxism. Is Britain a Marxist state because it has a robust social security and public health system? Is Germany?