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A comment on Coinbase lays off around 1,100 employees. Parent comment

Re:Coinbase lays off around 1,100 employees by FabHK on Tuesday June 14, 2022 @03:36PM (#31744886)
With an estate tax, the value is assessed once, I'd assume (at death/inheritance), then due to be paid. You might have to sell of a third or whatever of the fortune/company, and keep the majority.

Sure, over successive generations, the family might lose control of their original fortune/company, but that is compatible with the intention of the tax.

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Re:Coinbase lays off around 1,100 employees by kansface on Tuesday June 14, 2022 @03:50PM (#31745081)
You'd lose control much, much faster than that at the sort of rates being proposed. Even 1% per annum would destroy control well within a career, let alone a generation considering exponential growth.

edit: Just noticed that you are talking about estate taxes and I'm talking about wealth taxes...

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