News for hackers. Stuff that matters.

A comment on Spanish minister proposes €20k ‘universal inheritance’ from age of 18. Parent comment

Re:Spanish minister proposes €20k ‘universal inheritance’ fr... by buffington on Thursday July 06, 2023 @07:08PM (#36624567)
> I'd theorize that the resulting destruction to the economy/country in the process would probably ultimately wipe more wealth from the people than 2,800 per person

I wonder if you wouldn't mind expanding on this idea more.

While I'm not saying I agree with the notion of redistributing wealth in the way you describe, I am skeptical of the "destruction" part. What does that look like to you, and why would it lead to that?

[ Parent | on HN ]
Re:Spanish minister proposes €20k ‘universal inheritance’ fr... by chii on Friday July 07, 2023 @12:04AM (#36626960)
> I am skeptical of the "destruction" part

you only need to look in the past to see how collectivization in communist countries have fared to see what sort of results could be expected when you confiscate wealth from people.

[ Parent | on HN ]