$35,000 is a pretty low limit. This is going negatively affect people who inherit a modest middle class house or a business.

I heard the government also wants to eliminate the subsidy for the Galapagos residents on travel.

Even if, statistically, the majority of Ecuadorian households do not have $35,000 in net assets (which I imagine is Correa's rationale for this pretty extreme proposal), the law if passed will made short work of by Ecuador's elite while almost certainly penalizing most of the country's middle class.

The middle and upper-middle classes, while still a minority in most Latin countries, are the cornerstone of almost all Latin American economies.

I certainly hope he reconsiders.

They mean to protect their dirty money and pass it on to their loutish racist children without losing even a token. They mean for their "legacy" to continue, passing down from one slimy generation of assholes to the next, growing steadily, once they've reached the level of wealth so vast no one can spend it fast enough in his lifetime to diminish it.

Gotta have plenty on hand for buying congressmen, local politicians, cops, and anyone else who's useful.

Calling it a "death tax" has always been a hilarious, if clumsy attempt to portray their future dead selves as victims in the grave. Awww, poor, dead them. How much abuse can their dead selves take?

For their heirs, the money is INCOME, thank you.

The thread is about Ecuador, BTW. FYI it's a country in South America, not to be confused with the USA.