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Why do assume that high inheritance tax resulted in massive capital destruction for the aristocracy? In most jurisdictions it's not exactly hard to transfer ass
by charlesdm 12y ago
Why 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