Re:U.S. Income Inequality Hits a New Threshold
by imtringued on Friday March 02, 2018 @07:26AM
(#16500910)
> Also full 100% inheritance tax.
Everytime I see this proposal it's of the "burning bridges" type. To ensure that everyone starts at the same crappy starting position. There are never any considerations what to actually use the tax revenue on. It's only intended purpose is to take away money from the "evil" rich parents. The justification is that the income is unearned but the flaw with this type of justification is that the parents clearly earned the money and paid taxes on it.
So far I haven't seen any proposals to redistribute the money to actually decrease inequality other than by making everyone equally poor. How about distributing that money back either in form of a UBI or some kind of trust fund that children can withdraw from at the age of 18. I haven't seen anything like that and therefore I'm against a 100% inheritance tax.
Everytime I see this proposal it's of the "burning bridges" type. To ensure that everyone starts at the same crappy starting position. There are never any considerations what to actually use the tax revenue on. It's only intended purpose is to take away money from the "evil" rich parents. The justification is that the income is unearned but the flaw with this type of justification is that the parents clearly earned the money and paid taxes on it.
So far I haven't seen any proposals to redistribute the money to actually decrease inequality other than by making everyone equally poor. How about distributing that money back either in form of a UBI or some kind of trust fund that children can withdraw from at the age of 18. I haven't seen anything like that and therefore I'm against a 100% inheritance tax.