A Reply to Bracewell-Milnes
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Barry Bracewell-Milnes, in his powerful essay, ‘The hidden costs of inheritance taxation’1, argues against any restrictions upon inheritance at all, including any in the form of an inheritance quota such as I am defending here. His arguments are many; they are set out clearly, and they are set out with great skill. Nevertheless I think his arguments, in the end, fail. I shall, in this comment, attempt, in general outline, to show why. I shall not attempt to address all of his arguments and claims here, but only those that I think are most important.
KeywordsFamily Business Negative Externality Fair Play Credit Term Eligible People
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