Inheritance

The Batlord · 04-12-2018, 07:28 PM

Quote:

Originally Posted by Goofle

Nope, not at all. I don't have faith in a stateless society magically working. I do have faith that without government people would still strive to help those in need anyway, but there's no guarantee of that being flawless either.

The bigger question is whether or not the government should be able to take your property and give it to others. I'd say no, because ~theft~, but I didn't say it would solve all of our issues.

Yes, the current model of wealth hoarding is doing so much for charitable organizations.

**Goofle** · 04-12-2018, 07:35 PM

Again, I was talking broader picture. But the principle still applies.

Maybe you would see a rise in charitable donations at the point of death if there wasn't a death tax, maybe you wouldn't. I would be inclined to think there would be.

The Batlord · 04-12-2018, 07:36 PM

Why on earth would you be inclined to think that?

**Goofle** · 04-12-2018, 07:42 PM

Quote:

Originally Posted by The Batlord

Why on earth would you be inclined to think that?

Because they would have more money to do as they please with. It would be insane to think a decline in donations would occur, and pretty reasonable to assume it would at least remain the same.

The Batlord · 04-12-2018, 07:55 PM

Quote:

Originally Posted by Goofle

Because they would have more money to do as they please with. It would be insane to think a decline in donations would occur, and pretty reasonable to assume it would at least remain the same.

Rich people are spending ludicrous amounts of money on art these days because they've amassed so much of it they have nothing particularly good to do with their money, so they speculate to sell art at even more exorbitant amounts of money than they bought them for to people willing to drop a cool $100 million. I'm rather doubtful that people spending that kind of cash on paintings are that concerned with AIDS research.

https://news.artnet.com/art-world/ar...report-1253585

$450 million da Vinci: Here's the real reason rich people spend millions on art

OccultHawk · 04-12-2018, 08:06 PM

Should gifts be taxed? If your mom helps with your rent should it be illegal not to report it as taxable income? What if you live at home as an adult? Should you be responsible to pay a tax on the expenses given to you?

So there’s an estate tax or a death tax. Should giving that wealth to your kids on your death bed be a loophole around it? How about a parent in good health that trusts their kids?

When grieving over a lost parent should part of the process be hiring an accountant and a tax attorney? Suppose it’s debatable what an estate is worth?

Is the money really in better hands with the government? Isn’t tax money really funneled into the bank accounts of the super rich? Would an estate tax actually serve to redistribute even more wealth into those accounts by funding things like the military industrial complex? Would the money end up being used to blow up a hospital in a third world country? Or the next trillion dollar bailout? Or “private” prisons?

Family fortunes rarely make it to a third generation so the money is likely to be organically dispersed without a death tax. The government can’t be trusted to redistribute the wealth.

Money and private property should be done away with but as long as it’s entrenched in our societies my gut take on this is I would rather some rich dude's kids get the money than the government.

Blank. · 04-12-2018, 08:08 PM

Quote:

Originally Posted by The Batlord

So you want your kids to be Donald Trump Jr.?

Better than working at McDonald's flipping burgers while living out of mommys house.

OccultHawk · 04-12-2018, 08:11 PM

Quote:

Originally Posted by Goofle

Because they would have more money to do as they please with. It would be insane to think a decline in donations would occur, and pretty reasonable to assume it would at least remain the same.

I’m pretty sure if the government was going to take the money anyway people would be more inclined to give it to charities that suit their ideologies. Like a cancer research firm their kids happen to control.

The Batlord · 04-12-2018, 08:13 PM

Quote:

Originally Posted by Blank.

Better than working at McDonald's flipping burgers while living out of mommys house.

I mean your kid would be a loser either way, so why mentally hamstring them? You have a giant business. Make them work as a copy boy or whatever and then cut them off.

OccultHawk · 04-12-2018, 08:15 PM

Quote:

Originally Posted by The Batlord

I mean your kid would be a loser either way, so why mentally hamstring them? You have a giant business. Make them work as a copy boy or whatever and then cut them off.

Are you in the work builds character camp for this discussion?

View Poll Results: Well?
People should be able to pass on their fortune however they want.	7	63.64%
There should be some limits to how much someone can inherit.	3	27.27%
Only under special circumstances should someone be allowed to inherit money/property.	1	9.09%
There shouldn't ever be any inheritances.	0	0%
Voters: 11. You may not vote on this poll

04-12-2018, 08:06 PM	#36 (permalink)
OccultHawk one-balled nipple jockey Join Date: Dec 2010 Location: Dirty Souf Biatch Posts: 22,006	Should gifts be taxed? If your mom helps with your rent should it be illegal not to report it as taxable income? What if you live at home as an adult? Should you be responsible to pay a tax on the expenses given to you? So there’s an estate tax or a death tax. Should giving that wealth to your kids on your death bed be a loophole around it? How about a parent in good health that trusts their kids? When grieving over a lost parent should part of the process be hiring an accountant and a tax attorney? Suppose it’s debatable what an estate is worth? Is the money really in better hands with the government? Isn’t tax money really funneled into the bank accounts of the super rich? Would an estate tax actually serve to redistribute even more wealth into those accounts by funding things like the military industrial complex? Would the money end up being used to blow up a hospital in a third world country? Or the next trillion dollar bailout? Or “private” prisons? Family fortunes rarely make it to a third generation so the money is likely to be organically dispersed without a death tax. The government can’t be trusted to redistribute the wealth. Money and private property should be done away with but as long as it’s entrenched in our societies my gut take on this is I would rather some rich dude's kids get the money than the government. __________________ 2016 2017 2018 2019 2020 Member of the Year & Journal of the Year Champion Behold the Writing of THE LEGEND: https://www.musicbanter.com/members-...p-lighter.html