Comment by Bjartr
7 hours ago
If they don't affect the rich, why have the rock didn't so much time, effort, and money eroding such taxes over decades?
7 hours ago
If they don't affect the rich, why have the rock didn't so much time, effort, and money eroding such taxes over decades?
Eroding them is beneficial to other groups of society, not the rich.
It's like with corporations. Corporations love complex legal systems, as they are the only ones with money to deal with them. Simplification actually benefits smaller enterprises.
How is high marginal taxes and high inheritance taxes not simple?
If complexity is the problem then close the loopholes that let people get out of this.
America was not supposed to be a country of monarchs and wealthy dynasties, and high inheritance taxes helped towards that goal.
Because only poor people need income. If you have enough assets, income is optional.