The ability to give your wealth onto your children is an important motivator for older people to continue to have purpose, work, and be productive members of society.
Put yourself in the life of a 65 year old with adult children. How would you feel about 80% of your death-day savings being taxed? What different choices would you make in your last decades as opposed to today?
Put yourself in the life of a 65 year old with adult children. How would you feel about 80% of your death-day savings being taxed? What different choices would you make in your last decades as opposed to today?