The case for higher inheritance tax

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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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