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I'm not a boomer, and there is no way I would vote to tax what little I am able to leave my children at 90%. I got nothing from my parents and worked hard since
by wonderwonder 3y ago
I'm not a boomer, and there is no way I would vote to tax what little I am able to leave my children at 90%. I got nothing from my parents and worked hard since i was 15 to scratch out an existence and provide more for my kids than I got. Not a chance I think that the government can do a better job for my kids with what I was able to save by throwing it into a pot than I could
- di4na 3y agoNote that the goal is not for the government to get it. The goal is for you to spend it. Because hoarding it like this to pass it to your children actually make it harder for them to have a good life and for the economy to grow.
- throwaway5959 3y agoHow do you think intergenerational wealth is created? Most people don’t work hard to make the economy perform better, most people work hard to provide for themselves, their family and (through charity) their communities.
- di4na 3y agoYes. That is the whole point. It makes it worse. I understand wanting it. I understand how we cannot do it. But i can also promise you that the economics are definitely supporting this reading.
- wonderwonder 3y agoYour argument is that if I give my kid 100k they will be worse off for it? Does this scale? So if someone gives their kid a million will their kid be 10x worse than mine? How about a billion? Sorry friend, this argument does not really land. Your argument also fails to account for inflation. More money spent instead of saved means more competition for the same amount of goods and then we get what we have now, increasing rates and cost of goods.