3 ms·
> You're assuming your family is entitled to keep forever everything that it happens to have received in its economic activities. That would be ignoring income
by Bran_son 3y ago
> You're assuming your family is entitled to keep forever everything that it happens to have received in its economic activities.
That would be ignoring income taxes and VAT. And I'm well aware of the failures of the free market. But they do not make inheritance illegitimate, as this article tries to frame it.
It's that framing that is most offensive, more than a reasonable (i.e. much much less than 25%) inheritance tax: that taxation is not a compromise between property rights and free trade on one hand, and the public good on the other, with both being desirable values that are sometimes in opposition, but that it is a punishment for unearned wealth. With the hate for the wealthy expanded far beyond the 1%, to everyone that bought a house before the housing market explosion.
I'm sure if the target of this hateful rhetoric was some other group, you'd quickly see its danger.