hanrahan@slrpnk.net 4 weeks ago
We really should have inheritance ax, over say $3Mil, taxed at say 95%. You’re dead, you don’t need it.
Oligarchs carrying foward should really be intolerable, inequality is the death of a civilised society.
hanrahan@slrpnk.net 4 weeks ago
We really should have inheritance ax, over say $3Mil, taxed at say 95%. You’re dead, you don’t need it.
Oligarchs carrying foward should really be intolerable, inequality is the death of a civilised society.
Aussiemandeus@aussie.zone 4 weeks ago
So say i own a house and my wife owns a house and we hit the 3 million dollar mark in land value in 40 years,
You think that 95 percent of that should go back to the government rather then or children?
ultranaut@lemmy.world 4 weeks ago
Taxes like that typically apply only to money beyond the limit so if you hit 3 million and a dollar you would be paying 95 cents in tax on that dollar only.
hazl@lemmy.blahaj.zone 4 weeks ago
Not sure whether it changes anything for you, but I think they’re proposing that each dollar past the 3 million be taxed at 95%. Both the 3 and the 95 being spitball numbers, of course. I’m not confident that 3 million will be worth much at all in 40 years anyway.