Quote:
Originally Posted by Wormius
I think though you should be given the option of spending the amount on either something stupid within a short time frame, or be taxed a somewhat lesser amount. That way it would encourage some discretionary spending and help small businesses.
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A lot of wealth is held in assets or companies though. What about land for farmers ? What about a company ? Should it be sold to pay estate taxes ? Destroy a company employing people ?
Once you start putting exemptions people will just put their money there .