In a post about why it's good thing to have a paper that's not owned by the super wealthy, you insist on using the term "death tax" - a right-wing pejorative - instead of just sticking with inheritance tax.
The incongruity of this never crossed your mind?
The glaring incongruity is that the Guardian exists because someone used trusts as tax avoidance.
He seems to think that the independence of the guardian is a bad thing.
It’s clear from his post that we need higher inheritance tax, and wealth tax in general, especially on unrealised gains.
> especially on unrealised gains.
Right, absolutely brilliant idea. You live prudently, save some money every month and invest it (stocks, bonds, whatever). Due to factors entirely outside your control like a stock market bubble or an interest rate drop, the $50k portfolio you built over 30 years is now worth $70k. Your unrealized $20k gain is taxed at 10% for easier math. You don't have $2k cash on hand and are forced to sell some of your portfolio to pay the tax.
Next year, there is a crash. You now have just $40k in assets. But there is a gradual recovery, and the year after it's back to $50k. You now owe another $1k. Sound good?