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Of course paying estate taxes limits growth. So does paying any tax, haha, this is why companies actively avoid them when they can. I thought it was interestin
by Gustomaximus 11y ago
Of course paying estate taxes limits growth. So does paying any tax, haha, this is why companies actively avoid them when they can.
I thought it was interesting where the survey referenced 'paying off taxes will involve selling all/part of the business". This was around 40% positive across the categories. While firstly I'd take results with a pinch of salt as the people answering likely have an agenda to push, and a survey is not always reality. But having to sell some of a business is not a bad thing from a community POV. It keeps capital circulating in an economy. This offsets one on the main weaknesses of capitalism, that capital keeps concentrating. This conversation is about an equal society, so in that context I feel this is a good result, stopping people forever accumulating assets without having to release them. Hence it would be an easy argument liquidity problems from estate taxes could be a good thing for ensuring an equal society.