The Hidden Costs of Inheritance Taxation

  • Barry Bracewell-Milnes
Conference paper
Part of the Studies in Economic Ethics and Philosophy book series (SEEP)


Inheritance is an institution of great antiquity which has been regarded with favour or even with reverence in a wide variety of cultures. In the King James translation of the Bible, there are about 125 references to inheritance, all favourable; the sense of the word is sometimes material, sometimes moral or spiritual, and sometimes a mixture of the two. The transmission to the next generation of both a moral and a material legacy is regarded as a duty; the members of the present generation are not so much the absolute owners of material possessions as their stewards. The Lord forbid it me, says Naboth to Ahab, that I should give the inheritance of my fathers unto thee. (I Kings XXI 3).


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© Springer-Verlag Berlin Heidelberg 1997

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  • Barry Bracewell-Milnes

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