The whole damn point is to not be able to pass anything down. It’s unfair that some people work their asses off to pass something down to their kids when you have losers who can’t hold a job unable to leave anything to their loser kids. This is equity, no one gets to benefit from a lifetime of sacrifice and hard work. It’s to demoralize you and make you not try so hard to be a success.
You can't collapse America as long as middle class people have money. The rich don't care about Estate tax because their generational wealth is in trust. In case you were wondering, a trust is a legal person that never dies. Therefore no estate tax.
Middle class can use that also.
It is incredibly difficult to create and have a third party manage an irrevocable trust. Revocable trusts and living wills still end up taxable.
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