Quote:
Originally Posted by techguyone
I wouldn't know why anyone would support an inheritance tax. It's a cruel tax, considering that its a tax upon tax. Tax has already been paid on any inheritance.
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Its original purpose was honourable enough. It brought an end to most of the privately owned country estates that had concentrated land, wealth and power into very few hands over centuries.
Unfortunately it has long since changed from a means of redistributing unearned wealth and privilege to just another means of raising revenue on as many people as the chancellor can get away with.