this post was submitted on 26 Sep 2023
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South Korea has a 50% heritage tax - and it applies, as far as I'm aware, to everything. Causes and absolute havoc when billionaires die and the companies need to be broken up, but ultimately it seems to work
Samsung being 20% of SK's economy makes me doubt the efficacy of this particular strategy
It's going to be crazy when Samsung dies.
John Samsung's been looking pretty sick lately 🤔🤔🤔