A question on the wealth tax.

[StarfishSaver]

1. In order to pass through inheritance, assets have to go through probate, a judicial proceeding

Failure to report assets in such a proceeding is a crime and can have serious legal consequences.

Of course, if someone is willing to take the risk, they can try to avoid probate, but that causes other problems - for example, legal transfer of ownership of these assets would be difficult (unless someone forges documents, etc.).

Also, "wealth tax" is a misnomer. This is a term created by the right wing to demonize taxes paid on inheritances. The accurate term is "inheritance tax."