I guess it's not universal that they don't reduce tax rates for people that are unable to pay, retired elderly? In the Seattle area that's a thing. I want people to be able to pass on their businesses to their kids. But in the US we have this fantasy of inheritance taxes wiping out farm owners. It really only affects giant farms, 11 million is the federal threshold.
I don't think society will be bettered by creating evermore trust fund babies. I'm generally in favor of making it hard to pass on wealth that is so high your offspring's families never have to work. I think one of the major challenges of the US in the future is the accumulation of wealth in smaller group of people over time, and the vast amount of income difference between the masses in the US.
I don't think society will be bettered by creating evermore trust fund babies. I'm generally in favor of making it hard to pass on wealth that is so high your offspring's families never have to work. I think one of the major challenges of the US in the future is the accumulation of wealth in smaller group of people over time, and the vast amount of income difference between the masses in the US.