Is it fair to tax death?

Only the wealthiest Americans (<2%) and Brits (<4%) pay estate tax or inheritance tax after they die.

The wealthy tell us that capitalism is good because it allows anyone who learns a skill and who works hard to lift themselves up to a better position in society.

They also tell us that socialism is bad because it pays people money that they have not directly earned.

And they also tell us that they should be allowed to leave all of their wealth to their children and that taxes when they die are unfair.

Yet inherited wealth allows their children to raise themselves up without developing a talent or putting in any hard work. That’s clearly against the ethos of capitalism.

And inherited wealth is paying money to their children that they haven’t directly earned. Clearly, that’s a form of socialism, nepotistic socialism in this case.

It’s a prime example of how the wealthy support socialism when it works for them, but condemn it when it works for others. And also shows how they press the myth of capitalism being in the best interests of all of us, when it’s really only in the best interests of the wealthy.

Which explains why the poorest 50% of Americans share just 2.5% of all US wealth, while the wealthiest 10% of Americans hoard 67.4% of the wealth

So is it wrong to tax death or is the real problem that it isn’t taxed heavily enough?

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Click to copy post textOnly the wealthiest Americans (<2%) and Brits (<4%) pay estate tax or inheritance tax after they die. The wealthy tell us that capitalism is good because it allows anyone who learns a skill and who works hard to lift themselves up to a better position in society. They also tell us that socialism is bad because it pays people money that they have not directly earned. And they also tell us that they should be allowed to leave all of their wealth to their children and that taxes when they die are unfair. Yet inherited wealth allows their children to raise themselves up without developing a talent or putting in any hard work. That's clearly against the ethos of capitalism. And inherited wealth is paying money to their children that they haven't directly earned. Clearly, that's a form of socialism, nepotistic socialism in this case. It's a prime example of how the wealthy support socialism when it works for them, but condemn it when it works for others. And also shows how they press the myth of capitalism being in the best interests of all of us, when it's really only in the best interests of the wealthy. Which explains why the poorest 50% of Americans share just 2.5% of all US wealth, while the wealthiest 10% of Americans hoard 67.4% of the wealth So is it wrong to tax death or is the real problem that it isn't taxed heavily enough?

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