The case for higher inheritance tax
From Unfocusgroup.org
Originated by Brendan Fernandes
- Inheritance violates the principle that one should earn what one has.
- Inheritance pushes up property prices, as some people are left a nest-egg. If you taxed inheritance, more houses would enter back into circulation.
- Older people should be able to spend their money and cash in their houses, without having to feel guilty about keeping something back for the kids.
- Inheritance is the fairest form of wealth redistribution. It takes from the dead, who do no longer need the money or the assets.
- A 100% inheritance tax could raise a fortune for the government, and help reduce "taxes on the living" such as income tax, value added tax etc.
- Inheritance tax helps to break the cycle of empire-building, and encourages the entrepreneur to adopt a more philanthropic approach.
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