This guy has said some interesting things, but as Eric Peters points out, inheritance taxes are a moral abomination – taxing wealth that’s already been taxed once. From Peters at ericpetersautos.com:
Sometimes, when you know one thing about a person, it’s all you really need to know about that person.
Here’s something to know about Vivek Ramaswamy, who wants to be the Republican front-man for president: He favors a confiscatory inheritance tax – which he says will promote a “meritocracy” by dint of eliminating the “problem” (as he sees it) of an unearned advantage possessed by people whose parents leave them a substantial sum of money.
Or even any money.
He says that the state seizing – and redistributing – the accumulated wealth of a lifetime of work is “a way of redistributing duty.”
The “duty,” apparently, to turn over whatever’s left of whatever you’ve earned that you still have at the end of your life to the government.
Taxes are extortion the state uses to gain resources to support its tyranny against individuals who would otherwise be free. If taxes are laid upon the citizens without their consent (Not Majority-each individual), and the state has the right to use violence to collect its extortion, then the people are not free. It is unreasonable to expect that once the state has declared it has the ‘right’ to extort its citizens that it will ever relinquish its authority. If taxes are voluntary (as will only happen in a free society), then the moment a government abuses the use of its income, it can be cut off immediately and will be. If people would be free no, level of taxation that can be accepted. Once a government has the right to use force, it will tax every conceivable act, property, and labor and it will continue to increase its take until the citizens are impoverished beyond their ability to support themselves.
Originally, the federal government could only collect import duties, and these same duties would support a constitutional government that only had the right to protect its citizens from invasion or crimes against one another.
Thomas Jefferson once warned that if the government ever allowed fiat banking, then the populace would be taxed in every aspect of their lives: transportation, labor, property, meat, and drink; there is nothing that can be conceived that cannot be controlled, permitted, and taxed out of existence. This government even taxes viable businesses to support unviable businesses, then promotes itself as being noble for having done so.
Chad