CMV: inheritance tax is good and should be higher
Inheritance tax is widely dispised, but I believe it's good. I'd love to change my mind and agree with the majority for once.
The thing is, low inheritance tax is in direct conflict with equality of opportunity. Being born to rich parents already gives plenty of advantages over those who didn't. There is no need to make the inheritance of these people low or even medium tax, to improve their position even more.
Besides, personally I'd rather pay more taxes with money I cannot spend because I'm dead, than when I can enjoy the benefits of spending it.
I'm the details: such an increase should be accompanied by closing as much loopholes as possible. E.g. like they did in the UK with no longer exempting farmlands. Also I am in favour of a relatively small tax exempt amount, and a gradual introduction. From what I very quickly googled, 55% is the highest inheritance level, that still should be higher, say up to 80% for the largest estates. To be clear I do not propose a 100% tax.