There is no inheritance tax. This tax would provide equal opportunities for students to start afresh in a meritocratic society. Instead they are getting a huge headstart.
Getting rich is mostly driven by inheritance, class, luck and sociopathy, not by individual people on the basis of talent, effort and achievement.
The US has extremely expensive schools.
The US favors private contracts over civil rights, which is the base definition of fascism. Your worker is your slave because he signed this contract out of his free will.
The only advantage is the lack of middle management. But calling that freedom is hysterical.
You do realize the average lifespan is about 80, and people have kids in their 20/30s, which puts the typical age of inheritance in the 50/60s, who themselves are already near retirement age. It’s not as if you have a bunch of 18 YO using inheritance to gain edge. There are taxes on gifts, so parents can’t just give their kids more then $15k without massive taxation. Hell, you can’t even invest more than $2k/year tax free for college savings.
There is no inheritance tax. This tax would provide equal opportunities for students to start afresh in a meritocratic society. Instead they are getting a huge headstart.
Are you going to tax my parents away from me? They gave me 18 years of care. You'd have to tax those 18 years for things to be truly fair.
I don't believe in inheritance taxes because someone has to own all the stuff a person with low wealth enjoys. The government builds streets that are worth millions but even the poorest of society benefit from the wealth inequality of state and citizen. There are similar situations where wealth inequality benefits the poor and rich alike but things have been rigged so that these situations are rare or non existent.
I do believe in a cap on the maximum amount a single person can inherit in their life. We don't want to take wealth away, we want it to spread. Everyone is born poor. People only become wealthy during their life. Some get wealthy earlier than others but that is not the problem. It's the quantity of wealthy people that is important. If everyone could be wealthy a day after they were born that would be fantastic.
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Nope, the US is not free at all.
There is no inheritance tax. This tax would provide equal opportunities for students to start afresh in a meritocratic society. Instead they are getting a huge headstart.
Getting rich is mostly driven by inheritance, class, luck and sociopathy, not by individual people on the basis of talent, effort and achievement.
The US has extremely expensive schools.
The US favors private contracts over civil rights, which is the base definition of fascism. Your worker is your slave because he signed this contract out of his free will.
The only advantage is the lack of middle management. But calling that freedom is hysterical.
You do realize the average lifespan is about 80, and people have kids in their 20/30s, which puts the typical age of inheritance in the 50/60s, who themselves are already near retirement age. It’s not as if you have a bunch of 18 YO using inheritance to gain edge. There are taxes on gifts, so parents can’t just give their kids more then $15k without massive taxation. Hell, you can’t even invest more than $2k/year tax free for college savings.
Are you going to tax my parents away from me? They gave me 18 years of care. You'd have to tax those 18 years for things to be truly fair.
I don't believe in inheritance taxes because someone has to own all the stuff a person with low wealth enjoys. The government builds streets that are worth millions but even the poorest of society benefit from the wealth inequality of state and citizen. There are similar situations where wealth inequality benefits the poor and rich alike but things have been rigged so that these situations are rare or non existent.
I do believe in a cap on the maximum amount a single person can inherit in their life. We don't want to take wealth away, we want it to spread. Everyone is born poor. People only become wealthy during their life. Some get wealthy earlier than others but that is not the problem. It's the quantity of wealthy people that is important. If everyone could be wealthy a day after they were born that would be fantastic.