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 Originally Posted by BananaStand
The wealthy don't either. If you die owning anything, you're pretty dumb.
You can set up a trust on legalzoom.com in like, eight seconds. Then poof, you're technically broke.
Raise the estate tax to 99.99999% if you want. Anybody with an IQ above 30 should be able to die with an estate that's worth $0
Economics isn't about dealing with the way people *should* be, but with the way they are. Even if what you say is true, the estate tax is costly for a variety of reasons that include some of the world's most productive people don't like lawyers and accountants and get shafted by taxes even when loopholes exist, incentivizing end-of-live wanton consumerism, and creates greater trouble for those who are not smart like you say or have elder age issues.
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