4 ms·

Are you advocating for all children being anonymized and raised in orphanages? Or a 100% inheritance tax? Or just expressing disappointment at your own relati

Are you advocating for all children being anonymized and raised in orphanages? Or a 100% inheritance tax? Or just expressing disappointment at your own relative lack of wealthy & famous recent ancestors?

short_sells_poo 2mo ago
100% inheritance tax would be ideal, but it's never going to happen in practice.
- afh1 2mo ago
  Remove the greatest incentive for long term investment, what could go wrong?
  - omgwtfbyobbq 2mo ago
    Depending on what motivations are, separate controlling interest from personal wealth, at least above some reasonable limit. Obviously easier said than done, but unless the predominant incentive for everyone is just to generate more wealth for themselves/relatives/etc, other existing incentives should be sufficient to invest.
  - jackb4040 2mo ago
    "you can't just abolish nepotism, that's tantamount to abolishing capitalism!" yes
    - 98532468997522 2mo ago
      "People bequeathing their own property is literally nepotism" - Tankies and their idols Stalin, Mao, and Kim Jong Un
      - jackb4040 2mo ago
        RNG green username has -1 total karma as I post this
      - noduerme 2mo ago
        I think Kim might have benefited from a little himself
  - analog31 2mo ago
    What are some of our greatest long term investments? I can think of a few: The national parks, university system, Federal Reserve, NIH...
- artisinal 2mo ago
  My father has a wonderful collection of model trains. It’s rather valuable in money. I have been playing with his trains since I was a young boy. Good memories. Are you telling me that if I can’t afford to pay the state the full value of that train set, the trains will go to a government auction?
  - Rumple22Stilk 2mo ago
    Yes? Why would you deserve free money?
    - 98532468997522 2mo ago
      You should be expropriated. Why would you deserve property?
    - bombcar 2mo ago
      So if his father gives him the trains before death, it's fine, but at or after is not? Fun times ahead! Also the value of model trains and the selling price are highly different numbers.
      - IAmBroom 2mo ago
        This is already law. If you gift someone your $100M mansion, they pay income taxes instead of inheritance taxes. And income taxes are higher (in that bracket). That won't change.
    - AnimalMuppet 2mo ago
      Turn that around, though: Why would the state deserve 100% of my stuff, just because I died? Why can't I dispose of it as I see fit?
    - bigstrat2003 2mo ago
      That's incredibly fucked up and heartless.
  - bji9jhff 2mo ago
- bigstrat2003 2mo ago
  There's absolutely nothing ideal about being unable to give the things you worked for to your loved ones when you die. It's incredibly callous and devoid of compassion to do that to people.
- xyzelement 2mo ago
  This is such a tell. If you were a normal man and a father a large part of your mental space would be filled with trying creating value that could outlast you, for your family. The fact that this is so foreign to you means you that an idea of "inheritance" is something that happens to other - bad - people, not a gift that you could be making.
  - ninjagoo 2mo ago
    > If you were a normal man and a father a large part of your mental space would be filled with trying creating value that could outlast you, for your family. As a father, a large part of my mental space is filled with making sure my kids grow up to be good human beings, a credit to themselves, and are capable of making their own way through life independently. I have personally seen how expectations of, and inheritances, hollow out people and families, morally bankrupt otherwise good people, and would not wish that scourge upon my own kids.
    - xyzelement 2mo ago
      Would you say that both "the kind of people they are" and "passing something on to them" are important? I feel they are. Eg if I can leave a house or a business to my kids, that's better than not. Agree raising great humans is primary.
      - ninjagoo 2mo ago
        > Would you say that both "the kind of people they are" and "passing something on to them" are important? "passing something on to them" is only needed if they fail at life. If they are successful in life why would they need anything beyond keepsakes/memories?
        xyzelement 2mo ago
        Leaving something to someone you love is a common human motivation, from a father in building a business that he hopes the son continues to run, to a poor woman who punched pennies her whole life only to leave millions to her grandkids. Answering a "why would" here is a little tough, like conveying to someone "why would you want to make love to a woman" or "why would you bother to have a family" to someone who doesn't get it. The question is why wouldn't you? I love my kids I want to do maximally for them.
ninjagoo 2mo ago
> Are you advocating for all children being anonymized and raised in orphanages? Or a 100% inheritance tax? Or just expressing disappointment at your own relative lack of wealthy & famous recent ancestors? I'm advocating for all children to be given a fair shot at life. How do you suggest we achieve that as a society? Or is that too much to ask, in your view?

short_sells_poo 2mo ago

100% inheritance tax would be ideal, but it's never going to happen in practice.

afh1 2mo ago
Remove the greatest incentive for long term investment, what could go wrong?
- omgwtfbyobbq 2mo ago
  Depending on what motivations are, separate controlling interest from personal wealth, at least above some reasonable limit. Obviously easier said than done, but unless the predominant incentive for everyone is just to generate more wealth for themselves/relatives/etc, other existing incentives should be sufficient to invest.
- jackb4040 2mo ago
  "you can't just abolish nepotism, that's tantamount to abolishing capitalism!" yes
  - 98532468997522 2mo ago
    "People bequeathing their own property is literally nepotism" - Tankies and their idols Stalin, Mao, and Kim Jong Un
    - jackb4040 2mo ago
      RNG green username has -1 total karma as I post this
    - noduerme 2mo ago
      I think Kim might have benefited from a little himself
- analog31 2mo ago
  What are some of our greatest long term investments? I can think of a few: The national parks, university system, Federal Reserve, NIH...
artisinal 2mo ago
My father has a wonderful collection of model trains. It’s rather valuable in money. I have been playing with his trains since I was a young boy. Good memories. Are you telling me that if I can’t afford to pay the state the full value of that train set, the trains will go to a government auction?
- Rumple22Stilk 2mo ago
  Yes? Why would you deserve free money?
  - 98532468997522 2mo ago
    You should be expropriated. Why would you deserve property?
  - bombcar 2mo ago
    So if his father gives him the trains before death, it's fine, but at or after is not? Fun times ahead! Also the value of model trains and the selling price are highly different numbers.
    - IAmBroom 2mo ago
      This is already law. If you gift someone your $100M mansion, they pay income taxes instead of inheritance taxes. And income taxes are higher (in that bracket). That won't change.
  - AnimalMuppet 2mo ago
    Turn that around, though: Why would the state deserve 100% of my stuff, just because I died? Why can't I dispose of it as I see fit?
  - bigstrat2003 2mo ago
    That's incredibly fucked up and heartless.
- bji9jhff 2mo ago
bigstrat2003 2mo ago
There's absolutely nothing ideal about being unable to give the things you worked for to your loved ones when you die. It's incredibly callous and devoid of compassion to do that to people.
xyzelement 2mo ago
This is such a tell. If you were a normal man and a father a large part of your mental space would be filled with trying creating value that could outlast you, for your family. The fact that this is so foreign to you means you that an idea of "inheritance" is something that happens to other - bad - people, not a gift that you could be making.
- ninjagoo 2mo ago
  > If you were a normal man and a father a large part of your mental space would be filled with trying creating value that could outlast you, for your family. As a father, a large part of my mental space is filled with making sure my kids grow up to be good human beings, a credit to themselves, and are capable of making their own way through life independently. I have personally seen how expectations of, and inheritances, hollow out people and families, morally bankrupt otherwise good people, and would not wish that scourge upon my own kids.
  - xyzelement 2mo ago
    Would you say that both "the kind of people they are" and "passing something on to them" are important? I feel they are. Eg if I can leave a house or a business to my kids, that's better than not. Agree raising great humans is primary.
    - ninjagoo 2mo ago
      > Would you say that both "the kind of people they are" and "passing something on to them" are important? "passing something on to them" is only needed if they fail at life. If they are successful in life why would they need anything beyond keepsakes/memories?
      - xyzelement 2mo ago
        Leaving something to someone you love is a common human motivation, from a father in building a business that he hopes the son continues to run, to a poor woman who punched pennies her whole life only to leave millions to her grandkids. Answering a "why would" here is a little tough, like conveying to someone "why would you want to make love to a woman" or "why would you bother to have a family" to someone who doesn't get it. The question is why wouldn't you? I love my kids I want to do maximally for them.

ninjagoo 2mo ago

> Are you advocating for all children being anonymized and raised in orphanages? Or a 100% inheritance tax? Or just expressing disappointment at your own relative lack of wealthy & famous recent ancestors? I'm advocating for all children to be given a fair shot at life. How do you suggest we achieve that as a society? Or is that too much to ask, in your view?