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.
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.