Switzerland’s government rejected a proposal to jack up inheritance taxes on the super rich, diminishing the chances of the plan passing in a national vote.
It really is, the best kind of inheritance tax is a progressive one that is zero until a person inherits the equivalent of a median apartment.
This tax is politically tricky though because it’s an emotionally charged topic that is easy to get people riled up. Think “Labor is taxed, financial gains are taxed, gas is taxed, products are taxed, retirement income is taxed and death is taxed also?” vibes.
There is also a question of farmers since you need a farm of a certain size to be competitive and that’s usually land that’s worth a lot of money. It’ll basically make it impossible to transition individual farmers between generations since they’re always just barely getting by and surely not going to be able to afford the tax.
The Brits added an exemption for farmland and the rich use it as a loophole now.
I say fuck it, redistribution once per generation is really good for the economy.
It really is, the best kind of inheritance tax is a progressive one that is zero until a person inherits the equivalent of a median apartment.
This tax is politically tricky though because it’s an emotionally charged topic that is easy to get people riled up. Think “Labor is taxed, financial gains are taxed, gas is taxed, products are taxed, retirement income is taxed and death is taxed also?” vibes.
There is also a question of farmers since you need a farm of a certain size to be competitive and that’s usually land that’s worth a lot of money. It’ll basically make it impossible to transition individual farmers between generations since they’re always just barely getting by and surely not going to be able to afford the tax.
The Brits added an exemption for farmland and the rich use it as a loophole now.
I say fuck it, redistribution once per generation is really good for the economy.