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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (319810)1/10/2007 4:30:53 PM
From: TimF  Read Replies (1) of 1575770
 
What I am suggesting is that we need to increase the inheritance tax rate in order to discourage the creation of dilettantes like they had in Europe before their assorted revolutions.

A government that institutes strong policies in order to "discourage the creation of dilettantes" is indeed creeping toward totalitarianism.

Also a large increase in the inheritance tax wouldn't prevent the existence of wealthy people who act like Paris Hilton.

It will however distort investment as people try to avoid the tax, and likely to an extent it will reduce investment or displace it to other countries (if the new rate is high, and the many existing loopholes are mostly closed).
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