Originally Posted by
SonicFlyer
Obviously not since you are advocating stealing money from dead people.
FIFY
Originally Posted by
SonicFlyer
First off over 80% of wealthy in the US are first generation.
I know. They would not be not be affected since they didn't inherit their wealth, I'm all for absolutely minimal taxation of earned income.
Originally Posted by
SonicFlyer
Secondly, when you advocate stealing money from someone, if it has been inherited, then it is no longer the parents' money.
I'm not suggesting taxing it AFTER it's been inherited.
Originally Posted by
SonicFlyer
Third, this is how society grows, by passing on knowledge and wealth down through the generations. We all get smarter and wealthier with time (how it is supposed to work anyway).
Agreed. You can pass *some* money down, just not enough to enables dozens of future generations to live off off of trust funds, and exercise power and influence while completely disconnected from said socioety.
You should absolutely be able to help your kids through college, help them with a down payment on a home, etc. You could even have an adjustable scale... if your kid(s) are teenagers when you die, they get more than if they're in their 50's. Disabled kids can inherit more, etc, etc.