3 ms·

Isn't that exactly how retirement works though? Old people who produce no labour but just get everything given to them because of the capitol they built up prev

Isn't that exactly how retirement works though? Old people who produce no labour but just get everything given to them because of the capitol they built up previously.

Ancalagon 1y ago
No, the parent is talking about inheritors. Japan mostly solves this with very high inheritance taxes.
- Aeolun 1y ago
  Those mean the government always gets its cut (and pisses off the inheritors), but functionally whether you inherit 10 or 5M doesn’t really make a difference.
- throwaway2037 1y ago
  > Japan mostly solves this with very high inheritance taxes. This is a myth. It is lower than most wealthy European nations. Details: https://taxsummaries.pwc.com/japan/individual/other-taxes https://taxsummaries.pwc.com/japan/individual/other-taxes Also: https://retirewiki.jp/wiki/Inheritance_tax https://retirewiki.jp/wiki/Inheritance_tax