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Exactly. Which is why a lot of Europe's wealth is inherited and has policies in place to protect that wealth and roll it over across generations (nearly) tax fr
by FirmwareBurner 3y ago
Exactly. Which is why a lot of Europe's wealth is inherited and has policies in place to protect that wealth and roll it over across generations (nearly) tax free, so most of the Government taxes are gathered on the backs of the working class, not the asset owning class, making it a serfdom with extra steps.
Ironically, US has way tougher inheritance taxes than most of EU.
- anon1199022 3y agoAlso Europe has so many literal monarchy and other royal descents that still owns huge capital, banks and so on. GL with auditing royal families, so much hidden information there.