The concept of creating a tax on death is abhorrent. People, who earn their estates legally, have paid taxes on their income, and thus taxing death creates a double jeopardy. It is no more justifiable than trying a person twice for the same crime if they only got a light sentence the first time.
Would you support a random tax on corporations? Each year of the corporation's existence there would be a chance of their being taxed 50% of their asset value. It could be 1% for each year the corporation has existed. Oops, most of the whole Dow Industrials stocks would be gone.
"A government must finance itself SOMEHOW."
The less revenue a government receives the less chicanery they can cause. Our FFs kept the federal government poor on purpose.
"I believe that what you tax, you reduce.
So, personally, I'm convinced that taxing WAGES is more harmful to society then taxing the inheritance of very large estates."
Wages are predictable and thus a good source of revenues. Taxing only large estates is discrimination. Do you really want to discriminate against the successful? I am ageist discrimination in hiring, association, and taxing to name only a few.
"I believe that what you tax, you reduce.
So, personally, I'm convinced that taxing WAGES is more harmful to society then taxing the inheritance of very large estates."
Wages are predictable and thus a good source of revenues. Taxing only large estates is discriminatory. Do you really want to discriminate against the successful? I am against discrimination in hiring, association, and taxing to name only a few. |
