Actually inheritance tax is often double taxation. Sometimes triple. If I buy a stock and get dividends, those dividends are taxed to me as income. If I reinvest them in the stock and the price only matches inflation then when I die my estate gets taxed on the market value. So that is a second time.
The inheritance tax serves to discourage wealth building. It probably costs the country far more than it brings in.
But I wouldn't expect someone who believes that wealthy people exploit the "masses" to get rich to understand much of that.
The inheritance tax serves to discourage wealth building. It probably costs the country far more than it brings in.
But I wouldn't expect someone who believes that wealthy people exploit the "masses" to get rich to understand much of that.