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Then rich folks will put family into high income positions into their own company to transfer wealth. Yes, sure ultimately if they want to transfer special vot

by pas 6y ago

Then rich folks will put family into high income positions into their own company to transfer wealth. Yes, sure ultimately if they want to transfer special voting shares that might seem like a problem, but with some foresight I bet that that can be worked around easily too, especially if the family has decades to prepare an do it.

triceratops 6y ago
> Then rich folks will put family into high income positions into their own company to transfer wealth. The recipients of those jobs would pay income tax though. And in most jurisdictions earned income is taxed way higher than dividends or capital gains.