Comment Re: Truckle up economics (Score 2) 277
each dollar was taxed when earned already
Try, but there generally isn't a big, giant pile of earned money that was already taxed. Stocks, property, companies, etc.(the things most rich people have) aren't taxed until SOLD. Dad buys a company for $1,000,000 in 1980. He dies in 2020. The inhereted company is now worth $40,000,000. No taxes have yet been paid on the $39,000,000 in gains.
Follow your own logic... The inherited company is just bits in a computer UNTIL SOLD. Then it will be taxed. Taxing the inheritance and then also tax the value when sold is double taxation.