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Old 12-16-2004, 03:27 PM   #506
taxwonk
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smoke & mirrors

Quote:
Originally posted by sebastian_dangerfield
I trust you're not suggesting a policy whereby once a person dies, his money, or any part of his money, reverts to the state's ownership. Thats a scary fucking concept right there.
Well, until about the 12th Century, that's the system that existed. Furthermore, as long as their has been a common law, it has provided that property belongs to the individual only during life, and the state can place imposts or restrictions upon its transfer.

I'm not suggesting that we return to the 12th Century. But it is worth remembering that the right to pass one's property to one's heirs is a relatively recent development, and it there is no natural inherent right to receive the property of your ancestors.
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