Would You Choose More Money or Less Hours?

[Hanarchy Montanarchy]

When the first billionaire's child is orphaned and put out on the street due to an inheritance tax, we can start conflating that with child support.

I think we agree that an arbitrary sense of fairness isn't really the best way to construct laws.

[Okeefenokee]

When the first billionaire's child is orphaned and put out on the street due to an inheritance tax, we can start conflating that with child support.

I think we agree that an arbitrary sense of fairness isn't really the best way to construct laws.

Inheritance tax is as arbitrary as it gets. It has no basis in what is best for society. It is based solely on how much money people feel another person should be allowed to start off with. It's nothing more than envy that someone else had the audacity to be born to someone who was able to make their life easier.

It walks hand in hand with the idea that those who are born to parents that didn't give them the advantages that others have should be able to take from others to level the playing field. It's envy, plain and simple.

[Hanarchy Montanarchy]

The logic behind inheritance tax has nothing to do with fairness, as I understand it. It has to do with curtailing dynastic wealth centralization, which winds up being a drag on the productive economy.

I think the desired outcome is that, instead of simply passing money on to progeny, a high inheritance tax would encourage people to invest in growing whatever bid'ness got them their wealth in the first place.

Fair? Meh, we all agree that life isn't fair.

[Martin Hash]

Wealth MUST be redistributed: it's a mathematical fact unless aristocracies don't bother you. The goal is most-liberty-to-most-people, and liberty is tied to opportunity & opportunity is tied to wealth. Since I'm a liberty guy, I'd rather the owner of wealth did the redistribution rather than government, so if you're a billionaire, make a 1000 people millionaires when you kick the bucket. Average Joes would actually root for rich people because there's always a chance they could get some of the money.

[jbird4049]

The logic behind inheritance tax has nothing to do with fairness, as I understand it. It has to do with curtailing dynastic wealth centralization, which winds up being a drag on the productive economy.

I think the desired outcome is that, instead of simply passing money on to progeny, a high inheritance tax would encourage people to invest in growing whatever bid'ness got them their wealth in the first place.

Fair? Meh, we all agree that life isn't fair.

Those were the arguments used during the last Gilded Age. Anyways the current size that an estate can be (and this is not using any of the loopholes) before Federal estate taxes kick in is $5.49 million.


How much money does a person need anyways?

My parents got zip. So it might be envy, but don't tell me it's fine that a trust fund baby can have the finest with the social connections that come with it that ensures a life of while we chastise some meth dealer, or burger flipper for being unsuccessful. Wealth equals power equal success. While in the States nowadays, being born poor usually means you're go to die poor. Of course taxes like those estate taxes were partly the reason my parents did get an almost free college education, which got them from poverty to the upper middle class.

[SuburbanFarmer]

Honestly, in not in favor of inheritance taxes. The high progressive tax rate is appealing, but only because it's a needed counterweight to the insane levels of corruption in our society.

Since there's little or no chance of us actually wiping the tax loopholes and subsidies, the progressive tax is necessary. They'll still find a way around most of it, regardless.

[Speaker to Animals]

The logic behind inheritance tax has nothing to do with fairness, as I understand it. It has to do with curtailing dynastic wealth centralization, which winds up being a drag on the productive economy.

I think the desired outcome is that, instead of simply passing money on to progeny, a high inheritance tax would encourage people to invest in growing whatever bid'ness got them their wealth in the first place.

Fair? Meh, we all agree that life isn't fair.

Those were the arguments used during the last Gilded Age. Anyways the current size that an estate can be (and this is not using any of the loopholes) before Federal estate taxes kick in is $5.49 million.


How much money does a person need anyways?

My parents got zip. So it might be envy, but don't tell me it's fine that a trust fund baby can have the finest with the social connections that come with it that ensures a life of while we chastise some meth dealer, or burger flipper for being unsuccessful. Wealth equals power equal success. While in the States nowadays, being born poor usually means you're go to die poor. Of course taxes like those estate taxes were partly the reason my parents did get an almost free college education, which got them from poverty to the upper middle class.

It's fine because it's not your money.

[Martin Hash]

Honestly, I'm not in favor of inheritance taxes.

Then you'll end up with an aristocracy.

p.s. While I was a practicing attorney (I still am but no new clients), my specialty was "asset insulation." I have a Nevis corp that veils my client's identities, for which I am the agent, and perhaps a 100 shell LLPs for Real property & business assets. I'm telling you this so you know from which I speak, and I'm saying people need to get used to being serfs again (at least compared to your betters who inherited all the money).

[Martin Hash]

It's fine because it's not your money.

"All money is government money." - me

You own your dick & your imagination, that's about all.

[SuburbanFarmer]

Honestly, I'm not in favor of inheritance taxes.

Then you'll end up with an aristocracy.

p.s. While I was a practicing attorney (I still am but no new clients), my specialty was "asset insulation." I have a Nevis corp that veils my client's identities, for which I am the agent, and perhaps a 100 shell LLPs for Real property & business assets. I'm telling you this so you know from which I speak, and I'm saying people need to get used to being serfs again (at least compared to your betters who inherited all the money).

Again, that's the end effect of mass corruption that allowed these huge piles of money to be accumulated in the first place.

If that counterweight is needed too, then so be it. But it's a very unfair solution to the root problem.

taxes in general shouldn't exist, except perhaps for sales and income. The problem is that only the lower and middle classes are paying them.