Policy Area
Priority Level
Last Updated
Tax
Short-Term
January 21, 2024
The Policy
The RPC will create a new, extensive estate tax on the ultrawealthy to reduce the severe and ongoing societal harm caused by massively inequitable intergenerational wealth.
The Research
Our Broader Stance on:
Money is one of the most powerful tools humans have ever invented. Like many other tools, originally created for the betterment of society, money has been co-opted by a few ultrawealthy (sometimes referred to as Ultra High Net Worth Individuals (UHNWI)) members of society as a weapon they use to exert control of others.
Given that money is only a representation of value, not value itself, and that society frequently makes changes to our financial and economic systems - we need to reform our taxation system to ensure our money is only the means to our other desired ends, not an end unto itself.