Are you advocating for all children being anonymized and raised in orphanages? Or a 100% inheritance tax? Or just expressing disappointment at your own relative lack of wealthy & famous recent ancestors?
Are you advocating for all children being anonymized and raised in orphanages? Or a 100% inheritance tax? Or just expressing disappointment at your own relative lack of wealthy & famous recent ancestors?
100% inheritance tax would be ideal, but it's never going to happen in practice.
My father has a wonderful collection of model trains. It’s rather valuable in money. I have been playing with his trains since I was a young boy. Good memories.
Are you telling me that if I can’t afford to pay the state the full value of that train set, the trains will go to a government auction?
Yes? Why would you deserve free money?
So if his father gives him the trains before death, it's fine, but at or after is not? Fun times ahead!
Also the value of model trains and the selling price are highly different numbers.
That's incredibly fucked up and heartless.
You should be expropriated. Why would you deserve property?
Turn that around, though: Why would the state deserve 100% of my stuff, just because I died? Why can't I dispose of it as I see fit?
I think real estate and capital shouldn't be in the same category personal items are in. As a society we often conflate them but we shouldn't.
Remove the greatest incentive for long term investment, what could go wrong?
What are some of our greatest long term investments? I can think of a few: The national parks, university system, Federal Reserve, NIH...
"you can't just abolish nepotism, that's tantamount to abolishing capitalism!"
yes
"People bequeathing their own property is literally nepotism" - Tankies and their idols Stalin, Mao, and Kim Jong Un
RNG green username has -1 total karma as I post this
Depending on what motivations are, separate controlling interest from personal wealth, at least above some reasonable limit.
Obviously easier said than done, but unless the predominant incentive for everyone is just to generate more wealth for themselves/relatives/etc, other existing incentives should be sufficient to invest.
There's absolutely nothing ideal about being unable to give the things you worked for to your loved ones when you die. It's incredibly callous and devoid of compassion to do that to people.