Hey Individual,
"Inheritance included."
I don't think inheritances should be taxed.
I see it as government double dipping on the basis that WHEN that money was earned by your relative or what-have-you THEY ALREADY PAID TAX on those earnings.
If the government takes a share, they're effectively taxing your dead relative a second time as the price of their dying.

I intend to stay on course, that is highlight my views on *new capitalism*
But after setting those views out highlight the benefits to humanity
Next part of my tax plan is remove all other taxes on every thing every tax from fuel tax to tax on anything no extra tax
But keep GST at a third,4 percent, of its current rate
If implemented all that retained wages would power the economy ,and give a higher standard of living
That GST by legislation, could be raised in time of need, flood fire storm drought to help fund needed help
New Capitalism would not stall wealth creation, but it could, due to the extra tax, better fund health care education low rent housing and a host of other things
We are and always have been in part socialist, compare our health to America for confirmation
Ithink my tax proposal will power economy,s even if taken up world wide the improved taxes can increase everyone's lifestyle

We're Capitalist, but with Socialist Base-Levels in the 2 areas of education and healthcare:

Education:

Socialist - Base Level of Education = Public Schools
Capitalist - Higher level of Education = Private Schools

Healthcare:

Socialist - Base Level of Healthcare = Public Hospitals
Capitalist - Higher level of Healthcare = Private Hospitals

And this is the reason why I say you need a Socialist Base-Level JOBS system, (built alongside the existing Capitalist one) not because I support socialism, but because the current system was never built fairly, efficiently or economically sustainably in the first place.

Ayn Rand- Atlas Shrugged (anarcho-capitalist) makes some interesting points in favour of Capitalism. But she fails to acknowledge the "moochers and looters" in capitalism upon the destruction of traditional historical cultural communities and historical family based ownership in favour of the "those that used the land most productively" principle (contractual ownership).

Since everyone needs land to live and suicide is seen as undesirable- it follows that traditional historical lands should not be able to be sold. Factories generally don't need large tracts of land- they need advanced technology (Thought creates advanced forms of matter and energy- paraphrasing Ayn Rand). So historical cultural and tribal ownership of land perhaps isn't counter to capitalism- and offers occupiers a useful tax agnostic safety net.

Capitalism advocates the free flow of labour, finance, resources to the productive engine- in practice this can have destructive and undesirable effects.

Capitalism encourages economic investment and innovation by allowing large profits.

Capitalism reminds me of the Panama Canal a series of locks that enable ships to pass between The Atlantic and The Pacific- Capitalism intends to dispense with "the locks" in favour of maximizing creative and productive flow- there are still roadblocks but they are specific to "the art" in question.

All communities should aim to be self sufficient, stable, responsible, healthy in mind and body. Communities need strong extended families, and identity within the larger community culture. High productivity is important for these healthy communities aims. The productivity in a community needs to be higher than that the cost to sustain the lives of the community- as the community interacts with other communities the community is influenced by them- in order to maintain stable communities they need to manage the influences that other communities have.

Just as rules on capitalism affect productivity- rules on borders affects the community- and it's positive and negative stability- what is right- capitalism or community?

In some ways Ayn Rand's Atlas Shrugged doesn't specify if communities should control their community borders at different scales- although does seem to object to certain union practices

THEY ALREADY PAID TAX on those earnings.

Armchair Critic,
No-one's propsing to ask the dead to pay more tax ! The inheritor pays ! After all, they're the beneficiaries. Also, don't forget that many present inheritance has benefitted from commercial welfare i.e. negative gearing so, many haven't paid tax on their assets.
someone asked 10% of what ? 10% of the selling price !
Mark-up is the cause of many of our economic woes. Many people say competition is good for business. Is it really ? isn't it always the wage-earning taxpayers who ultimately foot the bill when unprofitable businesses go to the wall ? The resent & present system is not sustainable !
Supply & demand is the ONLY workable solution, not over supply !
The big culprits in our economy are negative gearing & tax bracketing & out-of-hand public service salaries. And Greed !

Capitalism "seems the only system that works".

And...

"we must, change it". !!

The sort of anti-logic that made Venezuela the economic powerhouse it is today.