Norway's neoliberal government removed the inheritance tax a while ago as well, along with a bunch of other tax cuts for the wealthy, including a cut to the tax on fortune. The argument goes that inheritors have an innate right to their families' wealth (because **** kids who are born into poorer families) and that tax cuts for the wealthy increase investments among entrepreneurs. The government acually hired a commission to research the economic benefits of the tax cuts, and they found that they had very little effect on investements, and that most of the money just went into the personal paychecks of business managers and owners. Then the neoliberals proceeded to keep slashing the taxes.
I'm not against all inheritance. But there should definitely be a limit on how much money you can inherit, in order to alleviate some economic inequality. 77 of Norway's 100 richest people inherited their wealth. This means that the usual liberal/right-wing argument about "job creators" or "hard work" or "risk and investments" really don't apply here, since these people have not made any risk, nor made any investments, nor worked hard. A progressive inheritance tax is not a radical suggestion. It makes perfect sense even from a centrist point of view. The only people to whom it makes sense to remove taxes on inheritance are the super wealthy.
How about we all stop voting for politicians that solely represent the bourgeoisie so that we'll no longer have to deal with **** like this?
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