> the accumulated wealth being redistributed over both society
That's fair in principle. Yet in this case but his brother didn't really have enough time to accumulate that much additional wealth after inhering it from his father so it's a bit of a lottery.
Also inheritance taxes are quite tricky to enforce and it's very hard to close all the loopholes (also the revenue isn't exactly reliable). IMHO a wealth tax seems like a better idea (then again there are quite a few complications as well as Norway's recent attempt has shown...).
> because the whole concept of inheritance will go away.
I fear the opposite. As property prices continue increasing and middle and lower class incomes stagnate inheritance might again become one of the few ways that are left for the majority of the population to attain and any significant wealth (I mean middle class level i.e. a hour or two). Birth rates also being so low might make it even more significant.
That's fair in principle. Yet in this case but his brother didn't really have enough time to accumulate that much additional wealth after inhering it from his father so it's a bit of a lottery.
Also inheritance taxes are quite tricky to enforce and it's very hard to close all the loopholes (also the revenue isn't exactly reliable). IMHO a wealth tax seems like a better idea (then again there are quite a few complications as well as Norway's recent attempt has shown...).
> because the whole concept of inheritance will go away.
I fear the opposite. As property prices continue increasing and middle and lower class incomes stagnate inheritance might again become one of the few ways that are left for the majority of the population to attain and any significant wealth (I mean middle class level i.e. a hour or two). Birth rates also being so low might make it even more significant.