There are few parts of the law quite as fraught as succession. As the great wealth transfer gets under way, wrangling about who gets what is tearing families apart
Tricky stuff. Talk to your family about this stuff before you/they die.
How about no, we let people do what they want with their money? My 2 goals in life atm and for the foreseeable future are to retire early with a nice nest egg, and to provide as best I can for my kids (and their kids) after I’m gone. I’ll be trying to leave them each a house with zero debt on it at a bare minimum.
I want my kids to be better off than I was. Every parent should want that for their kids. If the government ever tried to do a “death tax” or inheritance tax, I’d make damn sure I had nothing to my name by the time I am on my death bed, and my kids had everything.
I agree in principle that inheritances perpetuate inequality, but it’s very hard to implement. Many elderly people would “gift” their money to their children before their death to avoid an inheritance tax. They would argue it’s their money, they should be able to decide what to do with it.
Either that or elderly people would try to spend it down in their final years.
Yea, I suppose what becomes of the money is the tricky part, you need to have a gov you trust in place as well, which is also tricky, because otherwise it’s likely to be stolen. Ideally it would all go to some general wellness fund or distributed to vetted charities.
No, ideally it would go to whoever/whatever the person who died left it to. It’s not the governments money.
Funny how it’s generally only the bottom feeders and people with nothing who desperately want communism. Ironically they’re also the first ones that get killed off by the leaders under communism.
How about nobody gets anything, we all start with a fresh slate, even playing field. LOL yeah fucking right that’ll be the day.
How about no, we let people do what they want with their money? My 2 goals in life atm and for the foreseeable future are to retire early with a nice nest egg, and to provide as best I can for my kids (and their kids) after I’m gone. I’ll be trying to leave them each a house with zero debt on it at a bare minimum.
I want my kids to be better off than I was. Every parent should want that for their kids. If the government ever tried to do a “death tax” or inheritance tax, I’d make damn sure I had nothing to my name by the time I am on my death bed, and my kids had everything.
I agree in principle that inheritances perpetuate inequality, but it’s very hard to implement. Many elderly people would “gift” their money to their children before their death to avoid an inheritance tax. They would argue it’s their money, they should be able to decide what to do with it. Either that or elderly people would try to spend it down in their final years.
People need to quit with this idea that inequality is unfair/bad/etc. You’re not owed the same wealth/assets as someone else simply for existing.
People should be able to do what they want with their money. Doesn’t matter if they earned it or were given it - it’s theirs.
Yea, I suppose what becomes of the money is the tricky part, you need to have a gov you trust in place as well, which is also tricky, because otherwise it’s likely to be stolen. Ideally it would all go to some general wellness fund or distributed to vetted charities.
No, ideally it would go to whoever/whatever the person who died left it to. It’s not the governments money.
Funny how it’s generally only the bottom feeders and people with nothing who desperately want communism. Ironically they’re also the first ones that get killed off by the leaders under communism.