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You are confusing "if only I get a high inheritance tax" with "if everyone gets a very high inheritance tax". The inheritance tax has to go somewhere. It could
by boxed 1y ago
You are confusing "if only I get a high inheritance tax" with "if everyone gets a very high inheritance tax".
The inheritance tax has to go somewhere. It could go into science and infrastructure and then everyone gets richer. Or it could be paid out as a dividend, then everyone below the average gets richer. There are many options here. Just saying "inheritance tax bad" without talking about the output side of such a tax is by definition going to be... well.. weird.
- phplovesong 1y agoBoy can i tell you, it does not go to "science". It goes 99% to paying for social security.
- boxed 1y agoSure. But that's my point. It's the output of the tax system that matters almost entirely. The input being high or low is only relevant if the output is good. If the output is shit, yea, then we should lower the taxes. So we shouldn't really argue for raising or lower taxes, we should argue for spending it better.
- phplovesong 1y agoHow? When social security is like 75-80% of all spending you really cant do much other than cut welfare, that brings its own problems.
- disgruntledphd2 1y agoGenerally about 30% welfare, 30% education and 30% health.