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Anyone who has received the economic and educational benefits of a wealthy family has gained immensely by being heir. Plus the estate itself! What's being prop
by Kalium 5y ago
Anyone who has received the economic and educational benefits of a wealthy family has gained immensely by being heir. Plus the estate itself!
What's being proposed here doesn't stop generational wealth transfers. The suggestion at hand means that the owners of real property in California would have to pay (or defer) an amount of tax that's related to its current value. Inheritors would have to continue this, instead of inheriting a tax assessment from their parents or grandparents along with the ancestral pile.
A family is absolutely allowed to prioritize a child as the target of its earned resources and good fortune and exploitative practice or whatever. Potentially less a cut, because society has agreed to tax large inheritances. The family just shouldn't get to pass down an inherited tax break too. That's aristocratic, which is unacceptable in a free democracy.