Subject: Re: China fires across the bow
Because he is looking at through the lens of what makes logical sense for a rational tax system and you are looking at it through the lens of what makes sense for you (or an individual who is just looking to minimize taxes).

Because we have created a system of landed aristocracy, where the merits of one’s work matter less than the merits of the sperm and ovum that produced you. As we have seen in every other culture where the aristocracy rules, that leads to decay, stagnation, and cultural decline.

There is likely a place for some reasonable amount of pass-through, but the endless dodges, pass thrus, and tax avoidances to bequeath vast fortunes is unproductive to all except to the recipient, who has done nothing to deserve it.

It, and it’s many variants and shenanigans, should end, perhaps not abruptly but certainly with finality.