It results in businesses having to go public, i.e. bank ownership instead of family ownership. Banks don't have a clue what goes on internally in companies due to anti-insider trading laws, so what they usually do is cut all the long-term stuff to make a quick buck and then sell the shares leaving a hollowed out company.
The investments of banks also have to comply with certain sets of ethical codes if they want to get their hands on the money of unions, public pensions, universities and so on, to invest in companies. These codes aren't in our favor.
Nothing wrong with wealth concentration in principle.
Carter Morgan
I wish Trump was Canada's prime minister.
Colton Morris
what i didn't see in the replies you've gotten so far is that this is money/assets that you've already paid taxes on. an extra magical tax on stuff that's already been taxed just because you kicked the bucket is a crock of shit. that might target the kikes fairly, but it still sounds too socialist for my taste
Jaxon Cooper
Wrong. The chart you posted is the income tax rate on wages. The estate tax only affects people who have $5.5 million or greater in assets.
Some of you who drank the lolberg kool-aid think the estate tax is unfair. It's really not considering the capital gains tax is much lower than the wage tax. Most multi-millionaires and billionaires don't actually work and made their fortunes on investments and dividends. The estate tax brings things into balance.
