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Should we Have a 100% Inheritance Tax?
This will lead to capital leaving the country.
At least it could lead to less capital entering the country.
Capital loss would allow the Eurozone to compete better with China and emerging markets on the cost of its labor because of the lowering exchange rate reflecting the currency exodus.
A lot of people are living in other countries for tax reasons even with the current laws
It will be based on nationality, not on residence. Thus leaving the country will not help.
This can easily be avoided by forming tax unions and/or abolishing national states.
You would have to abandon your nationality in order to evade your country's fiscal administration, thus undermining the will to "escape".
This is the usual argument against all tax increases. However, there has never been a dramatic capital loss after tax increases in the past.