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The aristocracy in Europe was devastated after WWI&II. And their power was in land ownership. And the massive capital destruction was ... lets say very high inh
by venomsnake 12y ago
The aristocracy in Europe was devastated after WWI&II. And their power was in land ownership. And the massive capital destruction was ... lets say very high inheritance tax.
- charlesdm 12y agoWhy do assume that high inheritance tax resulted in massive capital destruction for the aristocracy? In most jurisdictions it's not exactly hard to transfer assets into companies/foundations/trusts/etc to avoid it.
- venomsnake 12y agoYou got it the opposite. If you owned the majority of Dresden ... when the allies ended their jolly fun there - there was not much left for your kids to inherit.
- charlesdm 12y agoOh, that way. I was thinking more of British aristocracy