But Rhubarb inpsired me to think about estate taxes.
I wonder what would happen to our economy if inheritance was done away with. If, when you (and your spouse) died, if you hadn’t chosen charities to give the money to, the state came in and decided how to divide it up among the needy. No passing one’s wealth on to the next generation except in a contribution to the world as a whole.
Maybe people would stop hoarding so much wealth, since not only could they not take it with them, they couldn’t leave it with their children either. Their children would start out (or at least continue on) with no more than anyone else. (more…)
