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by riffer
6016 days ago
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This looks at the tax from the perspective of those who will inherit, and concludes that since spoiled kids don't deserve big inheritances, the estate tax is fair, just and moral. But what about where the money goes? Does the government deserve it? I don't think so. One might be able to make an argument that the money should go to society, because the system is what made the creation of wealth possible. But that's not what the estate tax does, the estate tax takes the money to the government. Arguing that spoiled kids have not earned it is a lot easier than arguing that the government is deserving. What about looking at the tax from the perspective of the individual who created the wealth? What the tax does is encumber the creator of the wealth from deploying it as he/she sees fit. Why do we want to encumber creators of wealth? TO CLARIFY: the gift taxes that are part of the estate tax complex encumber creators, not just corpses. If you remove the gift tax, I have no problem with the estate tax because nobody would ever pay it. |
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It makes more sense to me for the government to get it, because that reduces the need for them to take wealth from people who are alive and might be able to use their wealth.