Comment on Thousands of UK farmers protest against inheritance tax hike

• Zorque@lemmy.world ⁨2⁩ ⁨months⁩ ago

  … cause you died and thus aren’t using it anymore.

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  • muntedcrocodile@lemm.ee ⁨2⁩ ⁨months⁩ ago

    Thats a very selfish view to take not the sort of opinion id like my parents to have.

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• cynar@lemmy.world ⁨2⁩ ⁨months⁩ ago

  Because that leads to a snowballing effect. Money begets money. Over generations, it gets sucked into an ever smaller pool of people. This (among other things) led to serfdom etc in the Middle Ages. We only broke out of that due to the Black Death.

  We need a way to allow money to spread back to the general populous. An inheritance tax is a crude, but effective, way to do that.

  How would you go about achieving this?

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  • muntedcrocodile@lemm.ee ⁨2⁩ ⁨months⁩ ago

    Most intergenerational wealth is lost within a few generations actually.

    There would be 2 things id do to fix tax

    1. Resource tax for every kg of material dug/pumped out of the ground.
    2. Land value tax based on the developed value of the land
    3. If i had global control then id do a 75% capital gains tax on all gains over 5million

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