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I also might have family wealth be the source of the aristocracy as opposed to the politicians reaping the benefits of taking their wealth. You’ll still have th
by mostertoaster 5y ago
I also might have family wealth be the source of the aristocracy as opposed to the politicians reaping the benefits of taking their wealth. You’ll still have the poor, but those in the aristocracy will be bureaucrats, who effectively stole their way in. It isn’t like these taxes will actually go to the poor.
- amilopy 5y agoAll forms of taxation and governance are subject to your same vague unfounded "concern" of 100%-embezzlement; the only thing about an estate tax that's special or different in that regard is that it mitigates the formation of a hereditary aristocracy. A well-managed trust fund is, by definition, a conservative investment portfolio that only distributes a fraction of its value, and only to a chosen few heirs. A government spends its tax dollars, with a significant portion already going to welfare. Even the closest equivalent usage of tax dollars, sovereign wealth funds, are managed for distribution to the citizenry as a whole. Your premise is bunk.