"Enough Money"
On May 21, 6:16*am, dave wrote:
bpnjensen wrote:
- Show quoted text -
I won;r argue the basic point, although I have my reservations...but
assuming this is correct...
With one cautionary note -
When people are land-rich and money-poor (forest owners, ranchers,
farmers, wetland owners, other fundamentally responsible stewards), a
large inheritance tax frequently forces the inheritor (who legally has
no choice) to rapidly liquidate the good land to pay the tax bill -
sometimes farmland, sometimes natural habitat or even de facto
wilderness, and this turns it into subdivisons or other nonproductive,
non-habitat land. *This unintended consequence has been repeated
countless times, and some provision should be made to forestall this
problem.
This can be a consequence but it doesn't have to be.- Hide quoted text -
- Show quoted text -
Exactly.
|