Macgregor Duncan, Andrew Leigh and
David Madden call for the reintroduction of an inheritance tax. They argue that an inheritance tax on the super-wealthy would be consistent with the Australian values of ‘egalitarianism’ and a ‘fair go’ and would represent a more efficient way of raising revenue than income or sales tax. In addition to the modest revenue raised from the proposal, the tax would establish incentives for wealthy Australians to increase their currently-low charitable giving
.