Actions Speak Louder Than Words.
Headlines:
Pierre De Vos’ idea of intergenerational wealth is moronic.
The Electoral Act is unconstitutional, but there are some problems. John Steennhuisen
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Thanks to Prof de Vos.Phone hasnt stopped ringing this morning from people wanting to move their money offshore, out of the grubby hands of the ANC.
I think you missed an opportunity – firstly, estates are already taxed with only a limited ability to bequeth wealth to family free of duties and secondly, and more importantly and allied to your point, is that a 100% tax will remove any incentive for individuals to accumulate wealth and in so doing take away private investment into companies/enterprises that create jobs (and also trusts etc)