What would really rally popular opposition is the massive massive amounts of spending on propaganda (advertising, etc whatever you want to call it) to galvanize the American public to oppose something like this.
We live in a democracy, but elites still have enough say that something like an 100% inheritance tax is effectively off the table.
I think the problem could arise in the case of things like heirlooms or homes that have been in the family for years.
I think you might also need to write the law so that people could choose to inherit debt on the same terms as their parents. Otherwise, couldn't the bank demand a higher interest rate as a way to force someone off of their property? How does this sort of thing work currently?
Realistically, a law like this (though it would never happen) would be something along the lines of 100% tax on inheritances over 10 million dollars.
> I think you might also need to write the law so that people could choose to inherit debt on the same terms as their parents.
I assumed that this was already the case.
quick e: Yeah, seems like this is already law "Under federal law, lenders must allow family members to take over a mortgage when they inherit residential property"
We live in a democracy, but elites still have enough say that something like an 100% inheritance tax is effectively off the table.