Zoe Williams suggests we're coming at the #inheritancetax 'debate' from the wrong direction:
'...we should go in studs first: suggest setting inheritance tax at 100%. No windfalls for anyone, ever; total generational redistribution delivered by death, the merry reaper. You may have questions, such as “what’s it all for, if I can’t burnish the prospects of my 58-year-old heirs?”& those questions may be legit. At least the debate will be different, and more interesting'
@ChrisMayLA6
"Of all forms of taxation this seems the wisest. By taxing estates heavily at death the State marks its condemnation of the selfish millionaire’s unworthy life" ~ Andrew Carnegie (who also proposed it should be 100%)
@HighlandLawyer @ChrisMayLA6 That's wonderful! Do you have a source?
@rwalker1501 @HighlandLawyer @ChrisMayLA6 It's very believable. He walked that walk. Through his smart investments in the burgeoning steel industry and in Pullman cars for railroads he became stupendously wealthy -- wealthiest in the U.S.A. By the end of his life he had given 90 per cent of his fortune away on large-scale philanthropy.
