Quote:
Originally Posted by Knalus
So you have a vested interest in convincing people that after they are dead, that the value of their investments with you should be as high as possible - after death? And that this transfer of wealth should maintain as much value as possible, right? Because then you would have another customer, with just as much money as your last customer, to manage his or her wealth, right? It's probably not hard to have to convince them, but still, at minimum, you nudge people to consider just how much they can leave whole in their accounts after death. Right?
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No.
I help people manage their wealth.
And you can argue that I have a vested interest in not wanting an estate tax if you like, but I would argue that the establishment of such a tax would actually be
good for my business - more people would need more advice with respect to planning.
However, as a person who lives and works in this country, I care about what is in our best interests, and IMO, such a tax is not.
It would be much better to scale CPP based on income than to (re)tax savings.