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Andy McKee: Everybody Wants to Rule the World

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Killgore Trout3/03/2011 6:35:59 pm PST

re: #237 Lidane

But the money doesn’t get taxed twice. The person who had the money originally is dead. The person who inherits the money just had some unexpected income come their way. Why shouldn’t they pay taxes on that income?

It’s also worth noting that estate tax is very helpful in avoiding an aristocratic class of wealthy families who will reign indefinitely through accumulated wealth. Without the estate tax we’d have dynastic aristocracy like feudal Europe withing a few generations.