Next generation of billionaires collect more wealth from inheritance than from work, says UBS
Swiss bank favoured by super-rich says 1,000 billionaires are likely to pass on $5.2tn to their children over next 20 years
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If it was for me i would abolish Inheritance entirely. The problem is i cannot imagine a non-dictatorial type of system that could make it work. You would have to make presents illegal, and other things like this. If anybody knows a solution please let me know and they got my vote
edit: a letter
I think a scaling inheritance tax that accounts for all assets could work
Company ownership would be wacky after a founder dies since now the government would own most of the company. If the government sells off their shares, the companies value would crash and random other people could get control. So the government would probably need to keep the ownership for a long time at least. Which I guess is one way to nationalize companies.
Better idea: family-owned companies, upon death of the owner, get turned into a coop owned by all the employees of the company, each getting 1 share.
That sounds like a good way to have huge companies with one employee and thousands of contractors. But might be good if you can make it bulletproof.
That just sounds like you need more enforcement against fake subcontracting.
I don't think inheritance should be illegal, but there should be a wealth cap.
It's in generation 0's (original wealth holder) interest as well. Massive inheritance like that ruins upbringing. After a few generations your family line is reduced to Musk and Trump. Nobody wants that.
Enforce.
Yes, via the IRS that we actually had a shot of doing!
And then... Something something "ThEy'Re CoMiNg AfTeR YoU Mr.PoOr AmErIcAn!"
Fucking propagandists... I can't fucking stand that they are allowed to exist. Honestly I loathe Rupert Murdock and whatever asshole chucklefuck responsible for Newsmax 100000x more than I loath Trump or any politician.
I don't like to wish death on anyone, but my God does Murdock deserve all the worst things that could happen to a person.
