Quote:
Originally Posted by Slava
Why should inheritance be re-taxed? If I save my money to pass to the next generation I've already paid taxes on it. This is just a pure money grab.
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It should be taxed because r > g
And also it hasn't been taxed twice. The person who inherited the money never paid tax on it. They'll be paying tax for the first time on a huge gift.
Should we not tax gasoline? All that crude oil has already been taxed with royalties.
And were we to reward hard work, then taxing inheritance is the best thing to do as it insures that offspring aren't lazy and that tax revenues are cycled into creating opportunity for the hardest working.
There's frankly very little public policy arguments for not having one besides taking care of my tribe and to hell with everyone else.