4 ms·
This is one of the silliest comments I’ve read on HN: it’s not fair to have successful parents that love you, therefore the government must step in and fix that
by bluedevil2k 3y ago
This is one of the silliest comments I’ve read on HN: it’s not fair to have successful parents that love you, therefore the government must step in and fix that.
- CPLX 3y agoThey aren’t taxing love they’re taxing money. We always tax money when it transfers from one person or entity to another.
- bluedevil2k 3y agoNo we don’t. In fact we rarely tax intra-family money transfers. When I pay for my kids’ college, that’s not taxed. Buy then a car at 16 - untaxed.
- CPLX 3y agoRight and give them the car two years later and it is taxed, subject to the gift tax exceptions and so on. Proving my point that the rule is that money is taxed when it changes hands and the exceptions are exceptions.
- sokoloff 3y agoA couple gifting their 18 (or 38) year old kid a car is unlikely to exceed the gift tax exemption.
- Patxitxi 3y agoWe should tax money to use it for love. Not love money to not use in anything else than private enjoyment.
- medvezhenok 3y agoThe argument is slightly different. It's not economically efficient to allocate wealth to children according to their parents' abilities (as opposed to the children's abilities). Doing the latter (as opposed to the former) will maximize the aggregate wealth of a society.