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No, we should have billionaires like in my comment above but it shouldn’t be easy to pass all of that to the next generation. Inheritance should be reasonably t
by bergenty 4y ago
No, we should have billionaires like in my comment above but it shouldn’t be easy to pass all of that to the next generation. Inheritance should be reasonably taxed and if the next generation has the chops to become a billionaire again then they are worthy of it and will actually probably contribute to rapid progress.
- warkdarrior 4y agoSo your suggestion is to have governments collect more inheritance taxes on a billionaire's estate. Then those taxes will be used for military purposes, no?
- bergenty 4y agoAnd other things but yes. You’ve contributed a lot in life, you still get to keep say 700 million but the next generation needs to prove themselves again (not that they need to with 700 million but it’s a start)
- notakio 4y agoIronically, some of that military money would go back to Patagonia, through their discretely-held control of the current PCU contract, under which they provide a government-spec'd 7-layer uniform system to special operations units. They haven't always held the contract, and may not hold it in the future, but I always found that fact about Patagonia's business somewhat interesting, mainly due to the public obfuscation, and the perceived distance between the particular product, and Patagonia's "brand identity". Now I need to go wash the fact that I just used "brand identity" in a sentence off my hands.