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Well it used to be the case that: - peers didn’t pay taxes - inheritance tax (aka death duties) didn’t exist - owning a lot of land was a great source of inc
by dan-robertson 4y ago
Well it used to be the case that:
- peers didn’t pay taxes
- inheritance tax (aka death duties) didn’t exist
- owning a lot of land was a great source of income
So while intermarrying helped stop the distribution, the industrial revolution (making various businesses return better than land) and very high inheritance (and other) taxes also lead to redistribution.