| >>Whether it is can be debated, but Europe seems to be in a happier position regarding that than the US, at the moment I'm Polish and Poland doesn't have any inheritance tax for children, not sure what US has to do with this. >>I checked the US, France, UK, Spain, Morocco, South Africa and Brazil Did you really? Here a UK page about this, there is no limitation on how much you can give your children tax free, tax only applies if you die within 7 years after gifting it: https://www.gov.uk/inheritance-tax/gifts And Raisin UK
https://www.raisin.co.uk
Gifting money to children explained (2025) >>Limiting the snowball effect of the wealthy getting wealthier generation after generation through no contribution of their own is considered a societal good Again, so please tell me why you don't think we should be taxing it at 100%, to maximise the societal good? I already pay effective rate of 40% of tax on all my earnings - am I not doing enough for "societal good"? |