Inheritance taxes are inherently immoral. There should be none. Not at any level of government.
Inheritance taxes are inherently immoral. There should be none. Not at any level of government.
>><<
Absolutely!
Some on FR swear they’re the greatest thing since slice bread.
I agree, but dear old departed dad (a FDR disciple) would argue that confiscatory estate and income taxes helped curtail the development of an "elite" class of American citizens and helped to minimize income inequality which he felt led to civil strife. Of course his thought process developed during the depression and while attached to the British army in India during part of WW2. The poverty in in what is now Bangladesh shook his values.
Not only are they immoral they're economically dumb. Under dynamic analysis they actually provide a net loss to government at all levels. Of course congress is too stupid to use dynamic analysis.