Fxt for accuracy
Harsh but fair.
I swear to god, if you don’t all fuck off to the shit joke thread…
A… To get to the other side?
Recruitment consultants sending me videos to introduce themselves.
Proof positive that we are living in the end times.
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2 generations, 3 max before nobody has to work. Brilliant.
A lot of super rich Americans do subscribe to that idea - Gates, Buffett and others. Their position is that their kids will have the best education that money can buy, and access to a whole load of contacts; if they can’t do well with that start in life then they don’t deserve it. The money then goes into a foundation that gives it away over decades, providing a nice legacy.
Of course, there are plenty of others who want to create a whole dynasty. They’re generally the massive cunts.
It’s a stupid idea dreamt up by a student who hasn’t even seen the connection to totalinarianism. It makes the ludicrous assumption that society would bumble on in exactly way, which of course it wouldn’t. There would be a massive glut of consumer spending followed by a general reluctance to work.
Also ignores basic genetic principles which is to provide for the next generation.
The hyper-rich American demographic is hardly grounded in reality.
Yes, and yes again.
I think that this is the most important element. The obvious issues with 100% inheritance tax are this, and the lack of point to working once you are reasonably set.
Personally I think that inheritance should be taxed higher than it is, especially large estates. But it’s much more important to implement our current tax laws - IHT is basically an optional tax for the super rich, as stuff is just moved out of estates and then it can never be touched. We need a better system for taxing trusts, both money going in and coming out.
An idea with a lot to merit.