3 ms·
That's a very good remark - upvoted! Some people will change their behavior and that's ok- because they'll be able to see with their own eyes, while they are s
by guylhem 14y ago
That's a very good remark - upvoted!
Some people will change their behavior and that's ok- because they'll be able to see with their own eyes, while they are still alive, the damage they'll do on their own family and maybe on society too.
That could induce other changes, such as them giving conferences to other people considering doing the same of the damages of 'unearned money'.
And even if only 1% could be shaved of the business and income tax, that'd be a move in the right direction - and sending a good message.
The idea is not so much increasing government revenue (I'd rather see it lowered to limit the waste) but reducing the damages caused by the whole idea of 'inheritance'.
- webjprgm 14y agoPlease everybody remember that inherited assets are not all money. Some things have sentimental value, like the home you grew up in or 100 year old furniture made by a great-great grandpa. Those things should stay in a family and not be ripped away by the government. Of course, as people have already pointed out they can just be given away before death. As long as it's not a sudden, unexpected death.
- jwhitlark 14y agoOne of the rarely addressed big problems with inheritance tax is that it frequently forces the liquidation of small businesses that are otherwise going concerns in order to pay the tax bill.