this post was submitted on 17 Jul 2023
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[–] [email protected] 8 points 1 year ago (1 children)

Ultimately, while they deserve it, high inheritance taxes on the Petite Bourgeoisie are not the goal; it's very high inheritance taxes on the super-rich. If a man with a billion dollars dies, 950 million (if not more) should go to the government.

[–] [email protected] 4 points 1 year ago (1 children)

Only an idiot would argue for a flat tax. So that’s not an issue here.

[–] MelonTheMan 1 points 1 year ago* (last edited 1 year ago)

I think low/no inheritance tax on the first X (50 mil for example) amount of assets/money, then the rest goes to gov is what he's saying.

It would phase out billionaires in a naturalish fashion if executed correctly.