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.
If I was ultra-rich, I would statistically have entire wealth management firms finding every loophole possible to avoid contributing my fair share to society. An inheritance tax is me paying my taxes “over my dead body”. I’m gone. Why the fuck should it matter!?
In that scenario, chances are your grandparents, parents and extended family is also rich.
It’s more about wanting their money to end up in your pockets when they die.
True, but you could also band together with the other rich people and lobby for the inheritance tax to be abolished for a few years so you can give your children the inheritance before the tax gets reintroduced. A wealth tax doesn’t have that problem.