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Some People Inherit Money and Wealth That They Did Nothing

question 103

Essay

Some people inherit money and wealth that they did nothing to earn. Why don't we tax inheritance at 100 percent?


Definitions:

Expected Rate Of Return

The anticipated profit or loss on an investment, expressed as a percentage of the investment's original cost.

Perfectly Elastic

Describes a situation in market demand or supply where the quantity demanded or supplied changes infinitely in response to any change in price.

Optimal R&D

The most efficient level of investment in research and development activities that maximizes innovation and return on investment.

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