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
Laughably bad argument.
Increase inheritance tax, so you can reduce income tax, so you can work hard, keep more of your money, and have no reason to build wealth for the future.
This would cause pointless consumerism and no one having kids.
Plus, everyone would avoid inheritance tax by spending or cheating, which would mean they have to raise imcome tax.
'You have a roght to work?' Get fucked! Haha.
Absolutely this! 🔥 I even felt dizzy trying to make sense of his argument and how it would actually work in the real world where the rest of us live. The irony of it is that the its the poor and middle class that would be hit by this because the wealthy will carve out exemptions for themselves like what the royal family did or will use tax shields that the avg Joe can't afford. Stupidity knows no bounds for sure! 🤦
