At what point are there diminishing returns on astronomical estate tax rates?
As the “eat the rich” mantra grows stronger in the US, the likes of Alexandria Ocasio-Cortez, Bernie Sanders, and Elizabeth Warren have proposed a 77% estate tax on the very wealthy. Similar policies have been suggested by the Canadian Centre for Policy Alternatives. But would such radical tax policy actually help?
Geoff Costeloe is a lawyer and entrepreneur in Vancouver digging into the idea. He joined Rick in studio.
Rick Cluff is an award-winning journalist who hosted the popular CBC Radio Vancouver morning program “The Early Edition” from 1997 until his retirement in April of 2018.
He has conducted more than 50,000 interviews and asked more than half a million questions, of prime ministers, premiers, presidents and some of the world’s biggest sports and entertainment personalities.