My father has a wonderful collection of model trains. It’s rather valuable in money. I have been playing with his trains since I was a young boy. Good memories.
Are you telling me that if I can’t afford to pay the state the full value of that train set, the trains will go to a government auction?
This is already law. If you gift someone your $100M mansion, they pay income taxes instead of inheritance taxes. And income taxes are higher (in that bracket).
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My father has a wonderful collection of model trains. It’s rather valuable in money. I have been playing with his trains since I was a young boy. Good memories.
Are you telling me that if I can’t afford to pay the state the full value of that train set, the trains will go to a government auction?
Yes? Why would you deserve free money?
So if his father gives him the trains before death, it's fine, but at or after is not? Fun times ahead!
Also the value of model trains and the selling price are highly different numbers.
This is already law. If you gift someone your $100M mansion, they pay income taxes instead of inheritance taxes. And income taxes are higher (in that bracket).
That won't change.
Turn that around, though: Why would the state deserve 100% of my stuff, just because I died? Why can't I dispose of it as I see fit?
That's incredibly fucked up and heartless.
You should be expropriated. Why would you deserve property?
I think real estate and capital shouldn't be in the same category personal items are in. As a society we often conflate them but we shouldn't.