What's the ethical defense for estate taxes?

What's the ethical defense for estate taxes?
You get taxed when you're earning the income, taxed when you spend it on your property, then when you die the government takes 40%. Why is this okay?

Ethics is the opposite of money. Ethics is the reason people used to have for fixing the roads.

Basic reason for estate taxes is to prevent the ultra rich from piling up weath forever. Once you hit the point where the income from your investments exceeds your taxes and spending, you create a perpetual wealth machine. If nothing is done to break the cycle, pretty soon one person winds up owning a whole country.

Turnpikes have pretty much always existed.

>pretty soon one person winds up owning a whole country.
There will always be too much infighting between heirs for that to happen.

>le eternal bridge troll

um no

It's not okay. The commies got greedy and will have to pick one in the future. If they truly 'loved' the workers income taxes would be abolished and only taxes on capital and consumption would survive.

But as we all know, commies are full of shit.

There isn't one, it's awful. It basically makes it impossible for aristocratic families to rise up and challenge the gov't. An aristocracy is the only hope we've got. Estate tax must go.

Piling up wealth forever, how? What's the mechanic. Are they investing it in companies? Those companies have a chance of failing. They are taxed on the revenue. Is it through owning property? That property and area needs to be maintained or it can drop massively in value, look at Detroit

>If nothing is done to break the cycle, pretty soon one person winds up owning a whole country.

But that's exactly what happens in Commie utopias. Do you even read what you type?

ultra wealthy have loopholes to not pay a ndime, who do you thinks runs the gov
estate taxes destroy the ability for goyim yo inherit their parent's home, forcing them to get another zog mortgage

Ok, one dynasty winds up owning everything. Related to estate taxes are laws against primogeniture (leaving everything to the first born) which really speeds up the wealth accumulation process.

Communism is a totally different system. I understood the OP to be asking about our (US) estate taxes.

Again. How? What's the magical method of them to build wealth off of existing wealth that doesn't get taxed already and can only be targeted through an estate tax. And why is whatever they are doing to guarantee this return so negative we have to use taxes to social engineer them to stop

People fixed the roads because it was in their own self interest to do so. Roads were new and exiting. Roads brought income and opportunities.

Now that roads are nothing more than a publicly subsidized tool for corporations to move workers and products around, they've been permitted to go to shit.

Aristocracy is what we have in the US right now. Estate tax is one mechanism for breaking the power of the 1% / swamp.

First tell me what's the ethical defense for the inheritance tax?

Wait. You're telling me in the US the person who dies gets taxed and the person recieving the inheritance gets taxed?

The "magical method" is compound interest. Historically the rich quit doing real things, like farming, and started lending their money and leasing their land. In parts of Europe it got to the point where the rich owned all the land, leased it to the farmers and then loaned seed and tool money to the farmers at interest. Pretty much the whole profit from the harvest went to the landlords / lenders. Today is a bit different, but the mechanism is the same. The rich lend you money to go to school, then you borrow to buy a car so you can get to work, and you borrow to buy a house so you can live while you work. Now it's so bad that the goverment is borrowin money to pay for your health insurance.

Yes

Because successful people are evil and deserve to be stolen from.

There really is none, it's socialist overreach.

No, inheritance tax and estate tax are the same thing. They aren't separate taxes, it's just different words.

So what, them putting the money in the bank? That has low returns. Again, look at the top tax bracket, look how much you are taking out of their income. Is that not enough?

This and it alllws shifty kikes like Warren Buffet to buy profitable businesses at a huge discount because the family can't pay the estate tax.

It's literally a tool for the elite to rape the middle class and ensure their perpetual servitude.

Properly done, an estate tax would keep the kids of people like Warren Buffet and George Soros from continuing to expand their empires.

>Warren Buffet
>paying estate tax

What do you think his (((foundation))) is for you little kike? And guess what his kids will be fucking me in the ass just like all those other rich Jew families who won't pay a dime of estate tax.

There's no estate taxes in Canada mate. They just have that in America as another anti-aristocracy measure.

There isn't one. But if you consider how the income tax is 40% at about $400,000 then an inheritance tax of 40% of anything greater than $1,000,000 is pretty generous.

I'm not in support of it though.

>anti aristocracy measure

Yeah looks like it's really doing its job. Thank god we don't have a group of ultra rich oligarchs who control everything. Wew.

Inheritance creates a social structure where birth rights are more advantageous than contribution to society. If you earn money during your lifetime, you should be able to have control over how that money is spent (with reasonable contribution to the social structure via income taxes). Your children did not earn that money - you did.
There is a correlation between countries that have a high estate tax and countries that have strong, merit based social mobility within their economic systems.

Or I should say we don't have one called that, but I guess you could think of what we do as an "Estate" or "Inheritance" tax.
In Canada, when a spouse-less person dies everything they own is "pretend" sold for fair market value. Minus the adjusted base cost, and what's left is classified as capital gains and taxed as such. So say what you're going to inherit is worth a million. Adjusted that's 600k. That leaves 400k. Capital gains tax only applies to 50%, so that's 200k. That is taxed at the personal rate of the estate, that can be as high as 40% in some cases. So 80k. The estate pays 80k, and then the person can inherit what's left (with the value of 920k). In this example, the "inheritance" tax is around 8%
There's a cost to inheritance, but from what I understand it's a massive amount less then the Americans.

>what are tax deductions and loop holes.

Unless you are an AnCap society, you have to get your taxes somehow. Is there any demographic better to tax than dead rich people? I realize that there are tradeoffs to taxing anyone, but it seems like taxing dead rich people has the least tradeoffs.