Quote:
Originally Posted by flamesfever
Absolutely not.
1. For most people an inheritance is a blessing.
2. The money has already been taxed.
3. It would encourage ways to avoid the tax, like moving money offshore, etc.
4. The money is much more efficiently used, left in the hands of the people, than it is in the government.
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I love that crap like point 4 is parroted as though it's a law of physics.
That is an ideological assumption. Is the hundreds of millions of stranded capital in 100,000 abandoned units of Irish housing stock an efficient use of money? No? Private markets did that.
Point 1, inheritance is a blessing, which is why it should be taxed. Unless, of course, you support the creation of a landed gentry?