News for hackers. Stuff that matters.

mae3x

Re:Charles Tandy, the mastermind behind Radio Shack on Tuesday November 03, 2026 @12:48PM (#50355386)
I would posit that there is likely far more value killed through inheritance of these businesses than through forced sale due to inheritance tax. I can certainly personally point to many local businesses that were inherited and run extremely poorly by the heirs due to a lack of drive. These heirs are mostly milking the value built by the prior generation until it runs dry. A forced sale due to an inheritance tax would have put these businesses into the hands of individuals who had the drive and the financial motivation to build the business rather than milk it dry. I suspect - though certainly can't validate - this is the far more common outcome than the hypothetical value destruction you suggest would come from the forced sale.
This schedule is no different than my schedule from 30 years ago and I don't consider it problematic at all. You frame it as 15+ hour days by including all aspects of their day as "work" but no normal adult includes their workout time and their social engagements as part of their work day. Time spent in sports is fun, not work. If it is work, then quit. Time spent in gym class and lunch is not work. Remove all that bloat from your framing and it is a very reasonable workload.
Re:The great wealth transfer reality check on Friday July 31, 2026 @02:29PM (#49126903)
"my parents are blowing my inheritance". Really? It is their money, not yours. I think you mean, "my parents are spending down their savings."
when you say "pays no taxes" do you mean income taxes or any taxes altogether? What about FICA/SECA 15.3% tax? Sales tax? Property tax? Individual income tax only makes up 53% of federal revenues as per https://fiscaldata.treasury.gov/americas-finance-guide/gover....