100 % inheritance tax? Madness!
Socialism or communism
This article by Abi Wilkinson came out yesterday and just blew me out of my socks! She is, as a journalist, promoting a 100 % inheritance tax to fill the budget gap. I don’t have any other word for this than, Bonkers! Utter and complete bonkers this is.
Theft of what you have earned and gathered during your lifetime (and paid a lot of taxes on!), is what she is promoting. That’s no redistribution of wealth. That’s complete communism. Why would somebody work for his money anymore if it is all taken away after hé dies? And just distributed to people that don’t work?
Sad that such people get to be taken seriously!
Sincerely,
Pele23
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You kind of have to be worried when people are talking of such things lol, give it enough fire and it might get adopted irrespective of how nonsensical it is on a fundamental level.
No one would pass that if it did everyone would just leave the country. If that passed in the us or a state and i will deff inherit money i would just get it on chain get out of the country to a place where they could not do anything and just not comply lol. I think many others would do the same as my parents worked hard to be able to retire, travel and also leave us a substantial amount of money that will probably allow my sister and I to not need to worry about anything and also leave generational wealth as I would just use x% and Y% would re invest then keep growing so it would never get smaller and grow for my kids so they dont need to be modern day slaves and could choose to do what they enjoy no matter of the money. Really anyone can break free to just need to if you dont have wealth already work your ass off at something even if you just make say 10-50K more than you need a year and start at like 16 investing everything you dont need by time your like 30 you can probably have passive income that you can technically live off of and cover basic needs then you just keep plowing until you can say have passive double what you need or would also replace your active source and hten you can stop and say live off of x% and treat it like most do planning to retire at like 70 and just keep it growing but then you are free early with nothing that will hld you anywhere and all it really takes is giving up spending on stupid shit early on and also making money early on not wasting it on things that dont give you cash flow as well as buying good cash flowing assets that make money while you sleep.
Fiat Bullshit... just give your children the keys to your LasseCash before you die :O
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