Treasury secretary came out against the proposed global levy, which proponents say would stop the rich from shifting wealth into countries where they can avoid paying the tax
Treasury secretary came out against the proposed global levy, which proponents say would stop the rich from shifting wealth into countries where they can avoid paying the tax
Think of it as taxing the people getting the windfall, not the person dying.
When my mother died ( not a billionaire) I sure as hell didn’t think that was a valid reason for the government to collect a payment.
I stand by what I said. Tax the crap out of them when they are alive and remove all of the mechanisms that got them this insane wealth.
One of the biggest mechanisms that people get insane wealth is through inheritance though.