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Originally Posted by Mr.Coffee
I think both sides of the inheritance tax debate bring up great points. I’m not swayed yet one way or the other but this has been a super interesting discussion.
One question though, for the people that hoard wealth and then pass it on to their kids. If those kids suck at handling money, doesn’t it (truly) “trickle” back into the economy as idiots run around spending it? Isn’t that a good thing? Could it even be arguably a better economic driver than giving it to inept bureaucrats?
I would think given Calgary’s economic trajectory Calgarians want that wealth staying (likely) local to their kids rather than to Ottawa.
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Basically impossible to blow a billion dollars and even if you do figure out a way to do it - its going to be other rich people who end up with your money.