Interesting Global News
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Why should farmers be exempt from inheritance tax? Inheritance tax is a move towards equality, to give that money to the government to equitably distribute rather than some lucky children being rich just because they had rich parents.
Inheritance tax is entirly escapable by doing dodgy shell company trust arrangements across different countries. It is a tax only paid by the lower and low middle class that prevents people to build intergenerational wealths and keeps the lower classes down. The farmers shouldnt be exempt but that doesnt mean they dont have a damn fine point.
Inheritance tax should be amended to be also paid on trusts (and stocks and shares) then. Just because it's currently implemented badly doesn't mean it's a flawed concept.
It can't be done without the entire world banking system being complicit. Plus why should my wealth be taken away just cos i died.
Because that leads to a snowballing effect. Money begets money. Over generations, it gets sucked into an ever smaller pool of people. This (among other things) led to serfdom etc in the Middle Ages. We only broke out of that due to the Black Death.
We need a way to allow money to spread back to the general populous. An inheritance tax is a crude, but effective, way to do that.
How would you go about achieving this?
Most intergenerational wealth is lost within a few generations actually.
There would be 2 things id do to fix tax
... cause you died and thus aren't using it anymore.
Thats a very selfish view to take not the sort of opinion id like my parents to have.