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Money is a claim on future production, and you don't get to transfer that claim over other people's work without caveats, whether it's inheritance tax, limits o

Money is a claim on future production, and you don't get to transfer that claim over other people's work without caveats, whether it's inheritance tax, limits on gifts, or wealth taxes.

bouncycastle 7y ago
Of course. I'm not talking about avoiding taxes, or skirting other laws. The issue here is simple privacy for the common law abiding people.
- vintermann 7y ago
  What you own can never be an entirely private matter. It's fundamentally about your relation to everyone else in the world, things you are allowed to do that they aren't.
kortilla 7y ago
That’s certainly a popular view, but it’s not a given by any means. You will find plenty of people that think giving their children $100 should be possible without any government intervention or taxation. Unless you’re against that as well, we’re talking about arbitrary lines for when the government gets to wet its beak.
- immawizard 7y ago
  There’s an arbitrary line between handshake and battery, yet most people and the law system can see the difference. Claiming there’s no qualitative difference between someone giving $100 dollar to their child as a birthday gift, and inheritance of billion dollars, seems like a weak argument.
  - kortilla 7y ago
    Then it should be obvious, no? Is $1 million ok? That’s a small single family home in Palo Alto in disrepair. So how about $5 mil? Nice larger lot home in Palo Alto that some dying parents bought in 1940. Not even retirement money in the bay but could be middle class retirement in Alaska. Where is your “obvious” line? Your handshake/battery analogy is shitty because it involves a victim and medical/first responder reports. We’re talking about setting some line where we feel as a society it’s morally ok to start taking money that has already been taxed strictly based on “that seems excessive” without any logical criteria.
MisterBastahrd 7y ago
"work" is doing a lot of work here, especially when talking about generational wealth.

Money is a claim on future production, and you don't get to transfer that claim over other people's work without caveats, whether it's inheritance tax, limits on gifts, or wealth taxes.

bouncycastle 7y ago

Of course. I'm not talking about avoiding taxes, or skirting other laws. The issue here is simple privacy for the common law abiding people.

vintermann 7y ago
What you own can never be an entirely private matter. It's fundamentally about your relation to everyone else in the world, things you are allowed to do that they aren't.

kortilla 7y ago

That’s certainly a popular view, but it’s not a given by any means. You will find plenty of people that think giving their children $100 should be possible without any government intervention or taxation. Unless you’re against that as well, we’re talking about arbitrary lines for when the government gets to wet its beak.

immawizard 7y ago
There’s an arbitrary line between handshake and battery, yet most people and the law system can see the difference. Claiming there’s no qualitative difference between someone giving $100 dollar to their child as a birthday gift, and inheritance of billion dollars, seems like a weak argument.
- kortilla 7y ago
  Then it should be obvious, no? Is $1 million ok? That’s a small single family home in Palo Alto in disrepair. So how about $5 mil? Nice larger lot home in Palo Alto that some dying parents bought in 1940. Not even retirement money in the bay but could be middle class retirement in Alaska. Where is your “obvious” line? Your handshake/battery analogy is shitty because it involves a victim and medical/first responder reports. We’re talking about setting some line where we feel as a society it’s morally ok to start taking money that has already been taxed strictly based on “that seems excessive” without any logical criteria.

MisterBastahrd 7y ago

"work" is doing a lot of work here, especially when talking about generational wealth.