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> I’m in the USA but if I don’t put my house into trust for my kid then he has to go through probate and spend tens of thousands to get it when I die. And that
by nine_zeros 3y ago
> I’m in the USA but if I don’t put my house into trust for my kid then he has to go through probate and spend tens of thousands to get it when I die.
And that's by design. Every human coming into the planet should start from a reasonably same starting point. By not taxing inheritance, the super wealthy's children start much further than the children born to non-wealthy families.
The tax on inheritance is the best way to ensure that there is "some" inheritance but not enough that the children start at a starting point that is insanely ahead of others.
- roody15 3y agoHmm maybe but that puts a lot of trust in the system. Do you think taxing inheritance will result in the democratizing of said assets to society at large? Looking at the last three decades I see wealth just accumulate in mega corporations who now seem to operate at levels above that of many nation states. Large banks that can demand bailouts and demand “quantitive easing” which simply aggregates wealth in these banks and corporations. Literally transferring wealth from the bottom to the top by government decree.
- nine_zeros 3y agoAt a minimum, the taxation will allow payment of debt incurred by the parent's generation. That's a reasonable outcome for inheritance taxes.
- WentFullRetard 3y ago[dead]