Comment by heipei

I don't understand why so many people applaud hefty inheritance taxes, with some far-left voices demanding inheritance taxes well above 90% or even 100%. It feels to me like this is sending the signal to "use it or lose it". While everyone is talking about cutting unnecessary consumption you're effectively telling people to spend all their money on frivolous luxury items because they can't pass it on to their children anyway. As someone with children, my main motivation is living within my means and keeping the rest of my assets as a retirement/rainy-day fund, or, after my demise, to have it passed on to my children. If you tell me I can't do that I might as well just buy an expensive sports-car tomorrow...