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Businessman Quote by Hans F. Sennholz

“In expectation of his demise, a successful businessman may sell out to his competitors to prepare his estate with readily marketable securities, such as U.S. Treasury bonds. The confiscatory death tax eliminates many family enterprises and promotes the growth of giant corporations.” quote by Hans F. Sennholz
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“In expectation of his demise, a successful businessman may sell out to his competitors to prepare his estate with readily marketable securities, such as U.S. Treasury bonds. The confiscatory death tax eliminates many family enterprises and promotes the growth of giant corporations.”

Hans F. Sennholz

About This Quote

Source Book: Economics of Tax Policy, 1995

High estate taxes push owners to liquidate assets, favoring large firms over family businesses.

In simple terms: Estate taxes force sales, helping big corporations grow.

Key Takeaway

Consider tax reforms to protect family enterprises.

Themes

tax policy inheritance corporate growth family business wealth transfer

Mood

concerned analytical

Type

policy economic

When to use this quote

  • estate planning
  • family business succession
  • corporate acquisition
  • financial advising

Key Concepts

economic incentives market concentration intergenerational wealth

Questions to Reflect On

  • How could estate taxes be structured to protect small businesses?
  • What alternatives exist to preserve family enterprises?
A Different Perspective

Tax policy may also fund public services, balancing effects.

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