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by wpietri
4375 days ago
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If you abolished inheritance (that is, taxed it at 100%) you would certainly reduce a number of capitalism's structural problems. That's why even many wealthy people are in favor of large inheritance taxes. [1] That would also provide you a lot of tax revenue for improving education and social services. Or you could just pay it out as a negative income tax or a basic income. That wouldn't solve every problem of capitalism, but so what? No improvement makes everything perfect, but that's not a reason to argue against improvements. [1] e.g.: http://www.forbes.com/sites/ashleaebeling/2012/12/11/buffet-... |
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