An Inheritance Tax is a policy where an individual's wealth and property are taxed after their death before it is distributed among their descendants.
This tax is favored by Socialists for the positive impact it has on Equality; taxing inheritances prevents a single family from rising too high in the social order by simply amassing wealth and property throughout generations. Naturally, the wealthy, the retired, the conservatives, and those that earn Middle Incomes don't want to lose their money after their deaths. The tax also lowers the amount of High Earnings people can receive.
Description[]
A tax paid on the wealth of an individual as it is passed on to their descendants. An inheritance tax protects equality, by preventing families amassing wealth and advantage over the generations, so it is popular with socialists and the poor. However, some people are strongly opposed to anything that prevents them handing on their hard-earned wealth, especially their house, to their children.
Political Capital[]
Implementation time: 1
Introduction cost: 48
Effects[]
-Wealthy (0)
+Socialist (0)
+Equality (24)
-Conservatives (0)
-Middle Income (0)
-High Earnings (0)
-Retired (0)
+Socialism (32)