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by alex_munroe
1740 days ago
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This is a terrible idea. Who are you to stop other people from providing for their family? Besides, rich people have options. Wouldn't they just move their families and their wealth to a country that's not going to rob them? Countries with human rights, freedom, and capitalism attract capable and talented people. Countries that restrict freedoms and take away people's stuff motivate the most capable and talented people to escape, and are left with people who have no better options. Countries can stop people from escaping by force, but is that a kind of place you'd like to live in? |
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I said leave a fortune, not an inheritance. A trust that provides a safety net? Sure. A billion dollar football team? Nope.
> Besides, rich people have options. Wouldn't they just move their families and their wealth to a country that's not going to rob them?
Given how much the super wealthy pay in taxes, this is essentially already the case. IMO they should either have to pay the same as everyone else, or not be allowed to do business here.
> Countries with human rights, freedom, and capitalism attract capable and talented people. Countries that restrict freedoms and take away people's stuff motivate the most capable and talented people to escape, and are left with people who have no better options.
The point of capitalisms is you're motivated by self interest, but that self interest makes the world a better place for everyone. If you inherit 100 million when you're 20, what motivation do you have to do anything with your life?
> Countries can stop people from escaping by force, but is that a kind of place you'd like to live in?
If they want to leave, they can leave. If they want to keep their US citizenship, they can't hold on to empire's past the term of their life.