What would a country with a 100% estate tax look like?
Is it time to abolish inheritances?
>>1391065
>What would a country with a 100% estate tax look like?
>Is it time to abolish inheritances?
no one would save anymore
meaning no loans to entrepreneurs anymore to build new businesses / grow existing ones
>>1391065
0/10 bait
commie
>>1391065
Very flat. Lots of things would be held by perpetual corporations. People would likely spend a large amount of time buying and selling shares of housing. Anything that could possibly be considered a durable good would not actually be owned by you.
Businesses would still Exist. The structure and profit distribution to shareholders would be different.
Lots of convoluted insurance contracts too.
>>1391065
Hey if I want to work hard so my little brat kids can be rich that's my fucking right as a free Uhmerikan
That would destroy the middle and lower class
The rich already have plenty of ways to circumvent it
>>1391065
What's the purpose of working if you can't build something up.