So this bird-brained comunista is frothing at the mouth and trying to make the case that a 100% inheritance tax across the board should be imposed in the UK in an effort to "level the playing the field" and "lower income taxes" 🙄 I don't know if he is stupid or evil, or possibly both but to be safe I'll assume the latter.
Firstly the royal family doesn't pay any inheritance tax so how does it make sense to make a demand on the citizenry to surrender their property to the state via taxation? That's neo-feudalism.
Secondly even a child knows that with a 100% inheritance tax, all properties and businesses will end upbeing state owned.
Third, the assets being “passed down” were already bought with after-tax income. To tax them again at death is double theft.
Fourth, if you can’t pass on your life’s work, why build anything durable at all? Why plant orchards, invest in factories, or maintain fertile soil if the state ends up seizing your life's work? A 100% inheritance tax raises time preference through the roof, consume now, don’t save, don’t invest, don’t think long-term. It’s a blueprint for capital destruction and generational poverty.
Lastly, taxation is theft therefore, abolish all taxes.
https://blossom.primal.net/2b927c5ea71a5c8a502d73c58498a245cd6f840993b8fbc1b3ffc0c015e29911.mp4
