4 ms·

Another good idea, IMHO, is a thresholded 100% tax (e.g, after 2M per heir, excluding main résidence), everything is put in a sovereign fund. Basically the same

Another good idea, IMHO, is a thresholded 100% tax (e.g, after 2M per heir, excluding main résidence), everything is put in a sovereign fund. Basically the same effect, but doesn't touch smaller inheritances and family house.

Baldbvrhunter 3y ago
$2m in Idaho is different to $2m in Silicon Valley. Why not just the top bracket of income tax at 100%?
- shoubidouwah 3y ago
  True. I was not even thinking internationally - I defaulted to my french POV...
  - mytailorisrich 3y ago
    From a French POV, experience has shown that punitive wealth taxes achieve only one thing and that is to make those who can afford it move abroad for tax purposes.
- austin-cheney 3y ago
  That must not be a factor as it would only serve to wildly inflate already unequal cost of living disparities. The only way to fix poor or too expensive market conditions is an economic correction and those always hurt someone.
ZeroGravitas 3y ago
Just guessing, but you may be responding to the kind of boring stuff visible in the only tweet that Twitter lets you see as a logged out user these days. This however is just a launching point for a discussion about how what you or the ex-CEO are proposing in that tweet makes you an enemy of the human race and likely to be the first against the wall when the libertarian version of The Purge begins.
- shoubidouwah 3y ago
  Yep. I have -blessedly?- no Twitter account. And I distrust the purge arguments... Actually believe that such an inheritance spread scheme could advantageously replace a bunch of welfare programs. It is both non punitive, equalitarian, by its very nature reparative (literally wipes generational/racial advantages), and in a way libertarian to the extreme: parents inheritance is to libertarian kids what government handouts is to social democrats.(for the oblivious: bit tongue in cheek for the last one)

Baldbvrhunter 3y ago

$2m in Idaho is different to $2m in Silicon Valley. Why not just the top bracket of income tax at 100%?

shoubidouwah 3y ago
True. I was not even thinking internationally - I defaulted to my french POV...
- mytailorisrich 3y ago
  From a French POV, experience has shown that punitive wealth taxes achieve only one thing and that is to make those who can afford it move abroad for tax purposes.
austin-cheney 3y ago
That must not be a factor as it would only serve to wildly inflate already unequal cost of living disparities. The only way to fix poor or too expensive market conditions is an economic correction and those always hurt someone.

ZeroGravitas 3y ago

Just guessing, but you may be responding to the kind of boring stuff visible in the only tweet that Twitter lets you see as a logged out user these days. This however is just a launching point for a discussion about how what you or the ex-CEO are proposing in that tweet makes you an enemy of the human race and likely to be the first against the wall when the libertarian version of The Purge begins.

shoubidouwah 3y ago
Yep. I have -blessedly?- no Twitter account. And I distrust the purge arguments... Actually believe that such an inheritance spread scheme could advantageously replace a bunch of welfare programs. It is both non punitive, equalitarian, by its very nature reparative (literally wipes generational/racial advantages), and in a way libertarian to the extreme: parents inheritance is to libertarian kids what government handouts is to social democrats.(for the oblivious: bit tongue in cheek for the last one)