Quote Originally Posted by Lewkowski View Post
Thats absurd. Here are several things that will occur.

#1. Very rich will move their assets to a country that is not as stupid.
a. you really care more about the taxes you pay after you died than the taxes you pay while alive?
b. not all assets can be moved
c. with the universalist approach the US has US citizens can move their assets as much as they want, they can't escape the IRS (legally)

#2. Gifts to heirs (at the maximum before taxes will be taken out) will be made before death.
Can be fixed easily by hitting excessive giving to these people with the same tax.
#3. Gifts over the maximum will be done under the table.
Which would be tax-evasion with all the risks of such behaviour
#4. Legal loop holes will be sought after and found. IE taking out huge life insurance policies (those are not taxed) using trusts, creating "scholarships" that will only go to family. Ect.
So?

People who earn money have a right to do with it what they will. IF they choose to pass it on to their family that is their right. What you are talking about Hazir is blatant wealth confiscation and income redistribution.
They will have the right to spend their money as they like as long as they live. Human rights do not apply to death persons. ``