[refenestrator]

All taxation is double taxation. I pay income taxes, and then when I spend my money someone else pays income taxes on their profit.

Similarly, the rich person paid taxes and then their rich kids pay taxes on their inheritance.

[Ekaros]

I have wondered, wouldn't it be simple just to make inheritance and gifts income. And thus person receiving it responsible to pay income tax on it.

No more double taxation, and everyone gets to do whatever they want with their post-tax income!