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Regardless of its purpose, it is extremely unfair, at least from a purely pragmatic perspective. The money was earned, and the government has no right to take i

by nhangen 10y ago

Regardless of its purpose, it is extremely unfair, at least from a purely pragmatic perspective. The money was earned, and the government has no right to take it away just because you die.

cmyr 10y ago
would you describe it as being more or less unfair then being born into poverty?
- nhangen 10y ago
  Apples and oranges.
tarsinge 10y ago
Pragmatically when you are dead you own nothing. Who inherit what you owned is arbitrary (childs? cousins? community? state?)
kllrnohj 10y ago
No, it isn't taken away. The person that owned it is dead. If you decided to give it to your children or whatever, it'll get taxed just like if you tried to give them that much money before you died. If in your will you decide to give it to a non-profit charity instead, it's not taxed. You aren't taxed for dying. The person who died isn't taxed at all. It's the people that are still alive that are now receiving money that are taxed. How is any of this unfair? Your children didn't do anything to earn that money. Why should they get it at all?
- nhangen 10y ago
  That's not true. Families build wealth together. My children don't do my work, but they work with mom to keep the house in order while I do. It's a family effort. Without the support of my wife and children, I would not be able to produce nearly as much as I do (note: I'm not wealthy, I just happen to value the money I make).
  - kllrnohj 10y ago
    If your children provide you support, great! You have that advantage vs. people that don't have children or that have children that are, let's say, a drain on their time. Your children still did not earn income, you did. And you got a tax break for that as well in the form of dependents. You are asking to double-dip here, which is unfair.
    - nhangen 10y ago
      If you think that's double dipping, then you have a sad view of the world. Here's some news - when you actually earn a decent income, child tax credits do very little to offset taxable income, especially when you are a business owner.
      - kllrnohj 10y ago
        And single people have no child tax credits at all, what's your point?

by nhangen 10y ago

Regardless of its purpose, it is extremely unfair, at least from a purely pragmatic perspective. The money was earned, and the government has no right to take it away just because you die.

cmyr 10y ago

would you describe it as being more or less unfair then being born into poverty?

nhangen 10y ago
Apples and oranges.

tarsinge 10y ago

Pragmatically when you are dead you own nothing. Who inherit what you owned is arbitrary (childs? cousins? community? state?)

kllrnohj 10y ago

No, it isn't taken away. The person that owned it is dead. If you decided to give it to your children or whatever, it'll get taxed just like if you tried to give them that much money before you died. If in your will you decide to give it to a non-profit charity instead, it's not taxed. You aren't taxed for dying. The person who died isn't taxed at all. It's the people that are still alive that are now receiving money that are taxed. How is any of this unfair? Your children didn't do anything to earn that money. Why should they get it at all?

nhangen 10y ago
That's not true. Families build wealth together. My children don't do my work, but they work with mom to keep the house in order while I do. It's a family effort. Without the support of my wife and children, I would not be able to produce nearly as much as I do (note: I'm not wealthy, I just happen to value the money I make).
- kllrnohj 10y ago
  If your children provide you support, great! You have that advantage vs. people that don't have children or that have children that are, let's say, a drain on their time. Your children still did not earn income, you did. And you got a tax break for that as well in the form of dependents. You are asking to double-dip here, which is unfair.
  - nhangen 10y ago
    If you think that's double dipping, then you have a sad view of the world. Here's some news - when you actually earn a decent income, child tax credits do very little to offset taxable income, especially when you are a business owner.
    - kllrnohj 10y ago
      And single people have no child tax credits at all, what's your point?