The argument against inheritance tax seems to be that we don’t want to screw the inheritors out of the ability to own a family property or something, but it seems like it’s be REALLY easy to draw a line and make it such that the estate is taxable if more than $X value is going to a single recipient and/or if the estate is valued in excess of $XY that it’s taxable and/or if the recipients assets exceed $Z that entitlements exceeding $X are taxable. I’m sure there’d be a few edge cases that would miss the mark, but it seems like it would be a lot better than the current system of generational wealth building up with the new generations literally not needing to work a day in their lives and still pass on wealth to their kids.
The argument against inheritance tax seems to be that we don’t want to screw the inheritors out of the ability to own a family property or something, but it seems like it’s be REALLY easy to draw a line and make it such that the estate is taxable if more than $X value is going to a single recipient and/or if the estate is valued in excess of $XY that it’s taxable and/or if the recipients assets exceed $Z that entitlements exceeding $X are taxable. I’m sure there’d be a few edge cases that would miss the mark, but it seems like it would be a lot better than the current system of generational wealth building up with the new generations literally not needing to work a day in their lives and still pass on wealth to their kids.