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239

People think that they're taxing the mega rich, and getting a benefit... NO! That's not what happens.

Here's what happens:

  • The mega rich hide their money, and don't pay inheritance taxes.

  • The moderately successful, low-figure millionaires are the ones that have to pay inheritance taxes. And it's stupid because: A) They're being double-taxed. B) The mega rich acquire their assets.

So, in effect, inheritance tax transfers wealth to the mega rich, and big corporations. When a farmer's kids have to sell the farm to pay inheritance tax, the people on the lower end of society don't beneft. The farm is going to by scooped up by mega corporations, who will then tighten their control on society. It doesn't have a benefit to the plebs.

People think that they're taxing the mega rich, and getting a benefit... NO! That's not what happens. Here's what happens: - The mega rich hide their money, and don't pay inheritance taxes. - The moderately successful, low-figure millionaires are the ones that have to pay inheritance taxes. And it's stupid because: A) They're being double-taxed. B) The mega rich acquire their assets. So, in effect, inheritance tax transfers wealth to the mega rich, and big corporations. When a farmer's kids have to sell the farm to pay inheritance tax, the people on the lower end of society don't beneft. The farm is going to by scooped up by mega corporations, who will then tighten their control on society. It doesn't have a benefit to the plebs.

(post is archived)

[–] 2 pts

Generational wealth is also immoral and stupid.

I can't buy land because all the land in my area was bought up 100s of years ago by families that are now so rich they never work a day in their life and they never use the land.

IMO the maximum inheritance should be $1 mil.

[–] 3 pts (edited )

Absolutely ridiculous.

First it's not immoral, it's called inheritance and legacy. It's MORAL to work hard, it's MORAL to give your kids your earnings. You don't deserve a damn parcel of it. I don't care if the kids smoke weed and ride go-karts on the land all day, their parents worked to give it to them and it's their property. Who are you to be entitled to it because you're envious?

Second it's not stupid, it's very smart. Only smart families work hard and keep their land in their family. Only smart people think about how to build wealth instead of squandering it and becoming indebted for the rest of their lives.

Third, you "can't buy land????" What the flying fuck are you even talking about? Unless you live in San Francisco (in which case MOVE) there is plenty of land. Of course you can buy land! Nobody is stopping you except for your apparent victim mentality. If you can't afford 3 acres buy 1/2 acre and stick a cheap RV on it and make payments while you work for 5-10 years. Then sell it, upgrade to larger acreage, rinse and repeat. You can build your way to wealth through sacrifices and stair stepping your way up to it slowly.

"Maximum inheritance" - enforce by what, the law? So you want create a law that punishes anyone who tries to give their children more than $1 million.. despite them working for it and maybe even their kids working for it you want to centrally tyrannically put a cap on how much a family can keep? You probably have no idea how Communist this idea sounds, do you?

[–] 1 pt

And the system you describe is where a small group, such as the jews, can continue to consolidate wealth generation after generation. Using that wealth to propagandize, oppress and eventually genocide the majority. Isn't this exactly the outcome everyone here is unhappy about?

[–] 1 pt

Simple solution. Get rid of the jews.

>> I don't care if the kids smoke weed and ride go-karts on the land all day, their parents worked to give it to them and it's their property.

More and more people see government as daddy. They'll be smoking weed and riding mario carts on that UBI, all while thinking it's some kind of inheritance.

I will concede that your ideas work when government isn't big enough to be daddy for most people in a country. This is not the reality of today.

[–] 2 pts

And anything over $1 million should be taken by the government and put towards “free” healthcare, “free” college, and “free” housing right? Because it’s not fair if someone has more than you right?

[–] 1 pt

You're assuming that because you live under a corrupt jewish government that the only system that could replace it is a corrupt jewish one.

The current system is designed to allow the wealth of the top 1% to snowball in perpetuity while the middle class is taxed so heavily it's impossible to ever work your way out. A lean government could run exclusively off death taxes and tarriffs without the need for an income tax. Would that not be a more fair system? Stealing from the dead rather than the living?

[–] 0 pt

Oh fuck off you Jewish cunt. No.

[–] 1 pt

And I suppose all the rest of the inheritance should be given to kikes, right?

[–] 0 pt

It's partially because kikes have been snowballing wealth for centuries that they are in the position of power they have today.

[–] 1 pt

The very wealthy put all their wealth into estates. When they die they avoid inheritance tax as they don't own it, the estate does. They simply pass it via ownership (management) of the estate.

The real problem is the concept of inheritance shelters. They should all be destroyed. Either everyone pays inheritance tax or no one should.

Likewise, with land, it should be required to be developed in some way every other generation or mandatory sold.

[–] 2 pts

The government will slowly buy it up. Most likely ruin it like when states buy up potlatch