This has got to be the epitome of the Graudian's degeneracy. In this article the writer proposes a 100% inheritance tax...

Rich people can easily transfer their wealth while they are alive. Most poor people die with out a will. This will take all wealth from the poor while the rich are completely unchanged. Literally the worst Idea I've ever heard.

It does this today. Either inflation will make 5 million a normal estate or they will bring the value down before that happens. In either case the average person will be royally gyped in the future.

except when these lefties get their wish. then it'll be no inheritance for anyone, because "you didn't earn that waaaaahhhhh"

You are aware that the rich get around these laws & they get passed down to the poor.

I non-ironically support the idea.
Familial inheritance is the bedrock of persistent economic inequality within nations.

Not doing something just because some people might abuse it will literally prevent you from doing anything.
It just needs for the the laws to be properly written, and for enforcement to be well funded. HAHAHAHAAHAHAHAHAHAAA

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Why are you so passionate about inheritance, user? Are you a NEET with no education, talent or skills, still suckling off the teat of your parents? Or is it because you want your children to be useless NEETs who can't do anything worthwhile?

because I believe that people have the right to do as they wish with their own property

Yet once they're dead, they do not exist to claim ownership any more. The laws and conventions of society decide what happens then.

no, because for practical purposes inheritance is just them giving their stuff to people a second before they die

Not only is that the point of inheritance, but my grandpa (the spiteful man he is) circumvented most inheritance tax by giving away all of his shit before he died. So, from my grandpa to you, go fuck yourself. You'll never get a peice of his fucking pie as long as he has anything to do with it.

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All new gen fags and kikes must burn. Fuck you and fuck your "I'ts all about ME!" life style. I'll leave my kids with wealth instead of making them start from ground zero in a third world shithole.

A dollar in the hand of a poor person is worth more to the economy than a dollar in the hand of a rich person, as the poor person's dollar tends to enter circulation more quickly. The faster money moves in an economy, the stronger it is (which is why austerity is such a retarded national policy, fwiw).

There's a different tax scheme for gifts given while legally alive, so this is most definitely a post-mortem asset distribution.

and this is the thing, it's the obvious play. It's so obvious that everyone will do it, and the only time it won't work is when a person suddenly dies unexpectedly. So it wouldn't really be an inheritance tax, it would be a tragedy tax.

found your problem

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taxes are immoral no matter when they're levied

Well that's like, just your opinion man.
Good look building that third-world shithole of your dreams. I'll stay right here with police and firefighters and military and shit.

a minor nuisance to evade?

most wealthy people will put up with a small inheritance tax to save the trouble of evading, but at 100% they'll find a way around it

There shouldn't be a special tax on inheritance. It already is a tragedy tax. The fact that income, property ownership, sales, savings, and then on top of all that inheritance is taxed is rediculous. How many times can you compound the amount of tax you pay on your own dollar before it counts as communism? All property is theft, amirite?

And their children will go to jail for it.
HAHAHAAHAHAHAAAHAA

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/r/ing that greentext about a libertarian detective if anyone knows what I'm talking about, there were some really golden lines in that,
I just remember some bits and pieces but it was well put together

Sounds kekalicious.

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most people on earth are poor

poor people dont get inheritance because their families are worthless drains on society

they feel that all people with money obtained it in an unfair manner, because we're all equal (right???) so how could anyone be better off than them otherwise?

therefore they feel entitled to other peopled money

people are idiots

Small beans, user. Any actually significant asset transfers at questionable values are going to get the government interested in your affairs.

But inheritance is literally being entitled to other people's money.

Wait I thought we hated lefties for wanting gibsmedats, ie: things they didn't earn.

Just get out.

The only reason this is an issue is because the radical libertarians believe in militaristic equality of oppurtunity (to succeed as well as fail) in the same way lefties militaristically believe in equality of ability to succeed. It goes against their basic tenents that all transactions should be private and the government should stay out of daily life as much as possible simply because their half-crazed idealogy creator believed that inheritance should be illegal. This is where they come full circle to the opposite of their belief system but don't for the love of god point that out.

Touched a nerve, poorfag?

Wow what the fuck are you some kind of anarchocapitalist thinking we won't tax the means of production!?

a 100% inheritance tax will stimulate the economy exponentially.

…for like a month, then everyone will just stop trying to make any money.

Did you confuse inheritance tax with income tax or something?

Nigger what? Do you know anything about libertarianism? Read Liberty or Equality. Liberty and equality or mutually exclusive.

>Libertarians believe something should be illegal
Sounds fake.

Who? Smith? Mises? Rothbard?

Literally nothing you said makes sense. The government is the one stealing from the dead on libertarianism, not the fucking child that was willed his parents property

this happened to my neighbors. but the difference was, is that they actually found some pocket money in his bank account that put food on the table for a month or two and paid the rent. then she got a job. what happens if the inheritance is land? do you just take the land and give it to diversity workers and peaceful refugees?

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Rich people's money are in the oversea banks so it won't be affected. The poor people will be most affected of all classes. I feel bad for them.

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This is literally communism. And people who support this probably think I'm being facetious.

And with that whole "utopia" argumentation that powderpuff girls episode is the perfect rebuttal.

My point being that certain factions of libertarians believe blood relatives have no more claim to a dead family members assets than the rest of sociey.

Illegal may not be the word, but they ( the ones who stick to the original ideology) believe you have no specific legal right to a deceased family member's property based soley off of relation.

Faggot. When certain libertarians claim that property is generational that is militant equality to me.

Purely from an ideological perspective, familial relations would simply be the default. In most cases, particularly the relevant ones, those of the rich, wealth is bequeathed by their will.

I know in some regions children can contest their parents will if they've been undercut, and it's up to the deceased to have provided sufficient reasoning. I won't defend that aspect of things if that was your point.

If someone says they don't believe in voluntary inheritance, then they're not a real libertarian. The Libertarian position is if you want to give your kids an inheritance, then you can give them one. If you don't, then your kids or SOL. If you die without a will, idk what most libertarians think. It's a fringe issue in the first place.

Burning money is illegal generally, you're going to minimum security ghost jail

How can he go to the ghost jail when he's free to go everywhere he go in the afterlife?

He's not free, the afterlife has a massive prison industrial system. He'll serve his time. Why do you think people are sentenced to multiple lifetimes in jail?

Would that also mean that there are multiple afterlifes?

Yes but he probably won't get very much time for burning money

Poor guy that he had to be reincarnated so many time until he complete the multiple afterlife sentences. That sound even worse than in the life prison.

No one but the wealthy actually pays inheritance tax, at least in the USA. Fuck 'em. It's not like Paris Hilton is ever going to contribute to society anyway.

Gentlemen, what we see here is the governments all over the west in their final stages of struggling to srurvive. They will ban cash and they will tax every single transaction you do.

Just the problem with this is that people in this day and age can vote with their feet. They will pack their bags, book a ticket to somewhere else and never come back.

Ironically, this will only hurt the poor and middle class kids. You think Canadian billionaires are going to have their fucking money collected by the state when they die. Ya fucking right.

t. Keynes

This.

why do you get to decide who's worthless?

wtf why didn't the link work

No one earned the dead's inheritance. You ether give it to the kids who didn't earn it or you give it to someone else who also didn't earn it. Everyone should do what the apaches did and burn the dead belongings and kill whatever animals they own.

but remember, it's the white man's fault they were poor

I don't support it at all but this would be the position you would have to take to be an honest social darwinist.

how so?

Survival of the fittest. Downies can survive more comfortably than an actual contributing person, so long as that downie inherited a lot of money and the other person didn't.

But how will you survive?

Hurr durr I have done one semester at College hurr durr and I know everything there is to know about herp derp politics n' religion n' philosophy n' stuff hurr durr let me prove how much wisdom and insight I have hurr durr about the ways of the world errr copied from my gender studies lecture notes hurr durr…

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lol butthurt