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You're right about the wealth producers! We need a 100% inheritance tax! That way the wealth isn't going to people who didn't produce it! Then you redistribu
by nickthemagicman 10y ago
You're right about the wealth producers!
We need a 100% inheritance tax! That way the wealth isn't going to people who didn't produce it!
Then you redistribute that money to schools and training programs and small businesses to give opportunities to anyone to become a wealth producer!
This improves the entire human race and not just the rich trust fund babies who haven't produced anything in their lives.
I'm totally with you on this.
- pyrophane 10y agoYour comment makes an excellent point. If our economy really was organized around incentivizing production, there are many things we could do to that end. In addition to a 100% inheritance tax, we could also surely implement policies that discouraged most types of rent-seeking and the passive growth of wealth that has allowed the richest in our country to become even richer without having to produce anything.
- AnthonyMouse 10y agoExcept that an inheritance tax creates a large disincentive for people with children to create wealth, when passing that wealth on to their progeny is their motivation for creating it.
- fleetingmoments 10y agoLike being an absentee landlord. If owning and renting out property you do not live at and are only collecting passive income from was made illegal, way more people would be able to afford housing and it would solve a lot of equality issues. The whole practice is literal rent-seeking and only concentrates capital in the hands of a small minority.
- vixen99 10y agoPresumably the 100% inheritance tax includes all assets including property. This is a recipe for violent revolution with a dystopian outcome as history tells us.