So really ... what is wrong with redistributing wealth?

[dmallind]

55. I agree with this surface fishing.

There should be no estate tax whatsoever. Abolish it completely.








Then replace it with a progressive inheritance or gift tax assessed against the person who was not the original owner and did not pay tax on it.

That should get rid of this bloody stupid double taxation canard/excuse.

Almost ALL money has been taxed before, many many times when it passes to another. People buy products from my employer using money they paid taxes on. I pay taxes on my income from them. My mechanic pays taxes on the after tax money I use to get a problem fixed and maybe he uses after tax money from that source to buy products from my employer again.

Why should somebody who did no work for money but just inherited it pay LESS taxes than someone who did work for it? I'm not pushing silly 100% rates here but the idea that inheritances are uniquely "double taxed" is pure buffoonish pseudo-sophistry