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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. |
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