Lena Schilling used the Vienna Opera Ball to condemn Austria’s mega wealthy, and call for a return to a ‘fair’ inheritance tax model.
Lena Schilling used the Vienna Opera Ball to condemn Austria’s mega wealthy, and call for a return to a ‘fair’ inheritance tax model.
Also, when now I am thinking about it, inheritance tax is not fair in a way that it is a double taxation - first your parents (e.g.) pay taxes from their wages, buy/own stuff Based on that and then you tax those things again when being inherited. to me, there is little to no Sense in that.
what I wish for, what I would like to see, is not as many taxes as possible, But, rather, as few of them But done Well and fairly so that they are just - in my opinion should be progressive - and easy to understand for normal people without agencies as Well.
I’m nitpicking but you pay taxes multiple times in general, eg:
Inheritance tax monitors the transfer of wealth rather than the original earning of it, the goal is to prevent accumulation of wealth, and birth becoming the main determining factor for chances in society. Usually it’s progressively applied, with tax free thresholds, so the common people often aren’t even subject to such tax.
Well put! The „taxed twice!!11“ argument is something inheritance tax opponents in particular love to shout without another thought. This logic would apply to most taxes because it‘s an illogical argument. It‘s second only to „A death tax??? And we pretend this is normal??? Will taxes never end???“ 🙄