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> Make each generation start from scratch And how do you prevent people from giving gifts? Parents giving their children a gift of money? And trusts are a thi
by ars 8y ago
> Make each generation start from scratch
And how do you prevent people from giving gifts? Parents giving their children a gift of money?
And trusts are a thing, so gift tax would not help as much as you would think.
- lovich 8y agoI'd find it much more acceptable if you gave your children your wealth during your lifetime. At least you have to actually give up something rather than passing on all your economic power after you no longer have use for it
- lukevdp 8y agoThen people transfer their wealth just before they die?
- gjm11 8y agoWhile there are ways to make sure that the wealth transfer happens "just before they die" (rather than them living on after giving it away), the law tends to frown upon them.
- baud147258 8y agoAnd then you'd get laws that limits the wealth that can be given to childrens, like those in France. Yeah for taxes!