Because it’s truly insane and will never get any support in real life.
Absolutely no one will vote in favor of the government confiscating all of your property when you die. Tankie shit isn’t popular outside of a handful of message boards.
Capping the amount of wealth anyone can inherit seems sane to me. In fact it seems healthy for the whole economy, so not just sane but prudent. If you let all the wealth be collected by a few the system breaks down and all the money becomes worthless. Preventing that is entirely sane.
I’m against preventing the transfer all all property. That seems like a recipe for corruption but I’d vote for limiting it to a trust of like $50-$100 million maximum plus an occupied home, a vacation home, and some reasonable amount of small property like boats and cars. Honestly that amount seems excessive to me but I think the majority would be in favor of such a law.
An economy only works when a majority participates. An ideal economy has everyone participating.
You can do a basic thought experiment to figure this out.
Imagine 10 people control $100 trillion. Everyone else controls $0. What do you think you’ll be able to get for $1?
You might then say, “money isn’t wealth.” True. But if 10 people control all the wealth and everyone else has starved to death that’s even worse.
The key word here is “capping”. People are assuming for some reason that an estate tax means the repo man comes and takes all your earthly possessions after you die or something, but no one’s suggesting that. They’re suggesting putting a cap on how much you can pass down in an inheritance, as a way to prevent the hoarding of wealth by a single person/family.
Because it’s truly insane and will never get any support in real life.
It’s got lots of support IRL already. I support it, therefore your assertion of ‘never get support in real life’ is specious and incorrect.
Absolutely no one
bzzzt wrong again, I’d vote for estate tax reform in a heartbeat.
no one will vote in favor of the government confiscating all of your property when you die.
if this is what you think the estate tax is you’re incredibly stupid. yet another misrepresentation of reality to fit into your premise, but it’s so fucking dumb from the outset it doesn’t even warrant a reply. Yet here we are.
Tankie shit isn’t popular outside of a handful of message boards.
Taxing the ultra wealthy isn’t ‘tankie shit’ you fucking dirtbag. Cute attempt to associate ‘people who don’t think a few should horde all the wealth’ with ‘tankies’.
Your entire argument is lies and garbage. Please, just stop whatever weird piece of performance art this utter shitshow is.
Estate tax is a tax, not a confiscation. If the tax were two high it would require manu inheritors to sell shares to shares to pay it, which would dump the share price of a company.
What makes you think this opinion will die on the Internet?
Because it’s truly insane and will never get any support in real life.
Absolutely no one will vote in favor of the government confiscating all of your property when you die. Tankie shit isn’t popular outside of a handful of message boards.
Capping the amount of wealth anyone can inherit seems sane to me. In fact it seems healthy for the whole economy, so not just sane but prudent. If you let all the wealth be collected by a few the system breaks down and all the money becomes worthless. Preventing that is entirely sane.
I’m against preventing the transfer all all property. That seems like a recipe for corruption but I’d vote for limiting it to a trust of like $50-$100 million maximum plus an occupied home, a vacation home, and some reasonable amount of small property like boats and cars. Honestly that amount seems excessive to me but I think the majority would be in favor of such a law.
This is not how wealth works
An economy only works when a majority participates. An ideal economy has everyone participating.
You can do a basic thought experiment to figure this out. Imagine 10 people control $100 trillion. Everyone else controls $0. What do you think you’ll be able to get for $1?
You might then say, “money isn’t wealth.” True. But if 10 people control all the wealth and everyone else has starved to death that’s even worse.
Can you read?
What do you think wealth is? It’s assets usually, very rarely cash.
The key word here is “capping”. People are assuming for some reason that an estate tax means the repo man comes and takes all your earthly possessions after you die or something, but no one’s suggesting that. They’re suggesting putting a cap on how much you can pass down in an inheritance, as a way to prevent the hoarding of wealth by a single person/family.
Yes, clearly
Oh so you’re intentionally being intellectually dishonest, got it 👍
You’re so weird man
deleted by creator
Holy multi Strawman attack batman LOL.
It’s got lots of support IRL already. I support it, therefore your assertion of ‘never get support in real life’ is specious and incorrect.
bzzzt wrong again, I’d vote for estate tax reform in a heartbeat.
if this is what you think the estate tax is you’re incredibly stupid. yet another misrepresentation of reality to fit into your premise, but it’s so fucking dumb from the outset it doesn’t even warrant a reply. Yet here we are.
Taxing the ultra wealthy isn’t ‘tankie shit’ you fucking dirtbag. Cute attempt to associate ‘people who don’t think a few should horde all the wealth’ with ‘tankies’.
Your entire argument is lies and garbage. Please, just stop whatever weird piece of performance art this utter shitshow is.
Lol
that’s all you got huh?
weaksauce. no refutation, no thesis just… lol.
god what a waste of time your entire existence must be.
Bro do you even understand why what I quoted is funny?
Estate tax is a tax, not a confiscation. If the tax were two high it would require manu inheritors to sell shares to shares to pay it, which would dump the share price of a company.
YAY!!! DUMPING SHARE PRICES IS AWESOME
No, I prefer being employed
deleted by creator
I think the entire basis from which you’re arguing is founded in jealousy and not economics
It is not possible to be jealous of musk or his wealth.
Except clearly you’re exhibit A.
deleted by creator
I don’t think so, Tim.