• PenguinJuice@kbin.social
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    1 year ago

    Keep up the good fight!!

    Superyachts are an insult.

    Even more insulting is that this person is an “heir” to the money. Fuck them. Inheritance tax should be very, very high.

    • afraid_of_zombies@lemmy.world
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      1 year ago

      The only single argument I ever once heard against the inheritance tax being really high that I thought was worth anything: in theory if all your wealth was tied up in hard assets that can’t be easily divided up you could inherit a debt. The example was a farm. Which even then it is a fixable problem for that one edge case, just make it so if it is a farm you can spread payments out instead of all at once.

      • Drewfro66@lemmygrad.ml
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        1 year ago

        Ultimately, while they deserve it, high inheritance taxes on the Petite Bourgeoisie are not the goal; it’s very high inheritance taxes on the super-rich. If a man with a billion dollars dies, 950 million (if not more) should go to the government.

        • Quokka@quokk.au
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          1 year ago

          Only an idiot would argue for a flat tax. So that’s not an issue here.

          • MelonTheMan@lemmy.world
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            1 year ago

            I think low/no inheritance tax on the first X (50 mil for example) amount of assets/money, then the rest goes to gov is what he’s saying.

            It would phase out billionaires in a naturalish fashion if executed correctly.