Inheritance tax is a good, progressive tax! Inheritance drives inequality and wealth hoarding and it’s money passed on to people who haven’t earned it https://twitter.com/lovecass_/status/1250038950321967104
If assets and wealth were not redistributed even partially on death it would exacerbate inequalities even more dramatically. Inheritance tax should be raised if anything!
You have heirs and heiresses living in luxury because their great great great great great grandfather founded a company, and the wealth has passed down to them, meaning they haven’t had to work a day in their lives. How is that economically justifiable?
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