|
|
|
|
|
|
by beerandt
2391 days ago
|
|
|
That's one of the top defining characteristics of "economic leftist" type systems. Either you don't fully grasp the implications of such a policy, or you may want to re-evaluate your economic self-identity. I'll add- it's not just the rich that this hits. This means taking a family's home when parents die, unless they pay for it again. Which means it's basically an incentive for people to rent everything and own nothing. A Subscription based economy for everything. And companies will love it, since they'll provide the subscriptions and corporations never die, so it won't affect corporate wealth. This is just the tip of the iceberg, but it's not difficult to see a floodgate of unintended consequences. And only the rich will be able to afford the accountants and lawyers to double-Irish/ Dutch-sandwich loopholes. |
|
|
1. The government must be funded, taxes are inescapable
2. Financial/material inheritance is inherently cosmically unfair (Paris Hilton and orphan street dweller have equal merit claim to the Hilton fortune)
3. Your children's "inheritance" is their genetic endowment, the benefits of being raised by you, and whatever material help you can provide during your lifetime
4. The details (and loopholes) of the implementation are an exercise for the student (I'm not super concerned whether a "family farm" must be liquidated, or how every last penny of Warren Buffett's fortune is confiscated)
> Which means it's basically an incentive for people to rent everything and own nothing.
This may be true toward the end of one's life, and I'm not sure this is a bad thing. Your children's inheritance is a distant concern for most your time on earth; your savings is almost entirely a prudent hedge against a lean harvest.
FWIW, I am strongly against (national) Government expansion, and would be fine with just setting all the confiscated funds on fire.