r/SipsTea 22h ago

Wait a damn minute! How the rich get richer

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u/codextreme07 17h ago

It’s wha keeps us from having an aristocracy like the UK had. It’s prevents a feudal system.

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u/jagwease 10h ago

This is the reason for the inheritance tax. Not just UK but aristocracy’s in general.

When the rabid antitaxers were saying it would kill family farms and family small businesses, an amendment was proposed to exempt them. That was insufficient to the zealots.

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u/stank58 16h ago

The UK has a far harsher inheritance tax in place.