Well, I've talked about this before
I do think that windfalls from inheritances should be treated exactly the same as lottery winnings. You can defer them but when you take them, they are normal income.
Consumption taxes cause lots of problems. A lot of consumption happens outside of the country where the money helps someone else. And a lot of it just disappears in the black market.
I don't really have a position on a wealth tax. I haven't seen a coherent plan for this before.
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In response to this post by TpkeHoo)
Posted: 12/17/2017 at 2:00PM