One of the reasons I work hard is so that my children have a good future ahead of them. Why should my family give that all back to the state when I die? The state didn't earn that money... I did.
> One of the reasons I work hard is so that my children have a good future ahead of them. Why should my family give that all back to the state when I die? The state didn't earn that money... I did.
One could argue that your kids did not earn that money either. As a reasonable middle ground, I think that we there could be a "good future for the children" exemption (at say $20m per child), while the rest is taxed at 100%. This prevents the natural process of concentration of all wealth in the hands of the few.
One could argue that your kids did not earn that money either. As a reasonable middle ground, I think that we there could be a "good future for the children" exemption (at say $20m per child), while the rest is taxed at 100%. This prevents the natural process of concentration of all wealth in the hands of the few.