

Policy Area
Priority Level
Last Updated
Tax
Short-Term
January 21, 2024
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.
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.