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8/16/2013 1:04:51 AM
12
Should people be able to inherit money?
So even if we accept the notion that all billionaires have fairly earned their wealth, and have a right to keep it, what right do their children have to it? By the narratives that Capitalism embraces (the self-made man) this seems incredibly wrong. You could argue that it's what the rich person wants to do with their money, therefore they have a right to do it, but this virtually guarantees that people will become wealthy without ability (something "self made-men" claim doesn't happen).
Some states and provinces have taxes on inheritance. Do you think this is correct, should be taken farther, or abandoned altogether? Does the answer change based on the age of the recipient?
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Yes, all of it. Inheritance tax is disgusting. What is the point of working hard to provide for a family if the government robs you from the grave? Families [i]used[/i] to work together and look out for each other, the wealth generated by one generation then passes to the next making the family stronger. It shouldn't be some sort of default tax on death crap. When it comes to billionaires and inheritance, I could understand some sort of tax on that because having more money than you can spend in 5 lifetimes is absurd. But taking 40% of a person's estate as tax is >,< grrrrw. Sorry but that really pisses me off a lot.
