I was thinking about this last night and I couldn't help thinking, how did we end up with so many taxes?
The level of taxation, in most countries, is quite literally off the scales, but at some point, there had to have been votes on these things and I just can't understand why this disgusting tax-creep keeps happening.
is it just because the stupid, broken fiat government doesn't have any other way ways drumming up money?
How did anyone decide inheritance tax was a reasonable thing? at some point, this issue would have been put to a vote and somehow they decided that if someone saves up their whole life and manages to put aside a good chunk for the kids, the government gets to take a slice, even though tax was paid on that money. it's basically a double tax. pensions are also taxed, which I find outrageous.
then of course, whenever they set these fiat limits on inheritance tax for example (in the UK it;s like 325k pounds), yeah it sounds a lot, but with fiat debasement, we know that in the next decade, this means in the future, everyone will be paying it. you won't find a house that costs less (it's already hard) and the kids will be hit with a bill.
I just find it strange that we've ended up with these levels of taxation when people, generally, don't like being taxed and they also don't like voting for politicians that would want to increase or add more taxes.
it's naive I know, but it really is theft at this point and the reason why my bitcoin will be passed down directly.