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Should we Have a 100% Inheritance Tax?
€1 million is not enough to ensure a good quality of life for inheritors.
In a 'while' 1mio EUR is not worth much anymore. Similar examples are income tax effects known under 'kalte Progression'
A house worth 1mio for a 6 headed family in Munich is not the same as one worth 100000 in Dresden.
1 million euros cannot generate enough income at today's interest rates and price level to comfortably retire. At 3% interest, 1 million euros can only generate 30,000 euros in income per year, and that's before tax. At 2% it's 20,000 euros a year, and so on.
Nobody can decided for others what is the right amount of money that they can live with.
If the financial provider of the family would die, his/her spouse and (young) childeren would be left without any provision.
This is heavily subjective. How to define "live a good life"?
If you don't spend those 1 million Euros all at once you can invest and live from the interest.