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I'm also still seeing no downsides to 100% inheritance tax, apart from salty rich guys.
What about passing objects or heirlooms? It effectively means that only children with means can inherit anything. There's also a psychological aspect to want to leave something for your children.
I can't remember who it is, a French economist who proposed higher IHT preventing vast transfers of wealth and using that to give a universal "inheritance" of c.200k to everyone at 25yo. I won't butcher his arguments, but I found them very convincing.
hugo7-
I'm against anyone inheriting anything. All goes to the state to fund social housing and UBI.
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I can't remember who it is, a French economist
Thomas Piketty, sounds like.
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My grandmother was a potter so I have a number of soup bowls that she made. They are worth nothing. But if she had been Clarice Cliff or Barbara Hepworth they would be worth £££. Where is the line to be drawn?
n3il
neu
villa-ru
I'm also still seeing no downsides to 100% inheritance tax, apart from salty rich guys.