4 ms·

Then push for a 100% inheritance tax. It's the only way

• fuzzfactor 5y ago
  Usually it's the grandpa who was the financial wizard, or at the other end of the spectrum an outright thief. And it can often extend back many more generations than that before you hit the ancestor who accumulated the original wealth. >It's the only way Inheritance tax is not the answer. If lacking generational wealth is such a big disadvantage, that would make everyone too poor to accomplish major projects. Not incentivize any building of lasting value. Would be more progressive to quit taxing wages altogether, and allow wealth to build (much) faster among working people to the extent they can much more universally afford to invest that part of their wages more wisely in the same well-performing financial instruments that have been found in the trust funds of the most privileged heirs & heiresses. Rather than destoying wealth with over-taxation, why not allow wealth to blossom by taking the burden off of the workers who have had to do without for generations, and allowing them to participate instead of cutting everyone out.
• horns4lyfe 5y ago
  Sure, then the path to success is to be born into a family of government officials. Great.