If have a feeling that there are still many people around in the thread, that seriously believe that living in a country where WHITE people are having swimming pools and blacks are living in shacks will be a sustainable model
I wasn't born with a swimming pool, I worked for it.
I wouldn't mind a very steep inheritance tax (99% ?)
You're trolling, but this is what would happen - if no loopholes.
Loads of invested wealth would be lost, and foreign investment would be almost entirely removed.
Property prices would drop immediately and maybe some property would become available through defaulting. (since selling is pointless)
Most owners though, would become landlords if they needed to relocate (since selling is pointless), or be unable to afford relocating.
Building would cost more than buying, but with no one selling (pointless), it would be up to individuals to construct their own homes using their own cash. (shacks)
People who able to, would emigrate.
Why should your family reap the rewards of YOUR work (or inherited assets)???
People have treated their families better than strangers since the dawn of time.
Inheritance tax would change nothing.
People would just not save, and instead ensure that they own nothing but a pension fund by giving income to their family over time.