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> While everyone is talking about cutting unnecessary consumption you're effectively telling people to spend all their money on frivolous luxury items because t
by perryizgr8 5y ago
> While everyone is talking about cutting unnecessary consumption you're effectively telling people to spend all their money on frivolous luxury items because they can't pass it on to their children anyway.
People will easily find a way to pass wealth to children. Naive example:
1. Register company in kid's name.
2. Buy a penny from his company for $1B.
3. Die peacefully.
- bidirectional 5y agoThat's called tax fraud. It's not only a naive example but also useless, the system isn't that bad.
- perryizgr8 5y agoSo it is fraud and useless both? Seems like it would have to be useful to be termed actual fraud.
- bidirectional 5y agoIt is fraud, which is why it is a useless example.
- perryizgr8 5y agoSo is the example useless or the scheme? Because you have contradicted yourself twice in the last two comments. If it is a useless scheme that would indicate that it doesn't actually save taxes by illegal means. If true, that means it is not fraud. Otoh, if it does allow you to save taxes illegal, then it is not useless and could also be counted as fraud. So it cannot possibly be useless and fraud at the same time.