fordy said:
I think you misunderstood me. What I mean is that yes you're right. It is practically impossible without shifting toward socialism/communism. However, that doesn't mean a 100% estate tax isn't a step in the direction towards equality. I'm saying it helps, provided that the wealth goes towards ingenuity and not just to another who wishes to sit on their ass all day living off workers. |
On paper, the concept sounds nice but in practice, it never works. There is also the question of authority. Who truly has the right to physicaly take the wealth and property of someone else just because their parents did well in business? Who has that right?
Further, what level fo wealth is to be considered the cut off point? If a mother and father die poor but with no more than $5,000 in the bank, is that money to be taken by the state instead of being inhereted or even willed to their child? If not $5,000, then how much? How do you decide what level is fair? If it is $50,000, what do you do with someone that inherits $49,999.99?
And who do you distribute it too? Do you see how complex and unfair this suddenly becomes?
The rEVOLution is not being televised
