Should every generation have to "start over"?

[PDH]

Billy and Susie should have gotten their STEM degrees and good jobs instead of slacking around and working in Mom and Dad's coffee shop learning to draw roses in the Latte.

[MadImmortalMan]

Whoever runs the shop will pay income taxes and sales taxes and whatnot.  If Billy and Susie, or anyone else, sells the shop, they will pay capital gains taxes.  Since the government is getting money from the estate under my proposal, though, all of those federal tax burdens will be less because the federal government will have to raise less money outside the estate tax regime.

Ah but there is an interest for everyone that assets stay in the hands of smallholders rather than going to the rich. IMO, that means the tax structure should reflect that and not make it harder for the smallholders to keep it. If you don't believe that, then fine. You're entitled to your opinion. I'm sure Blackstone will be happy to buy up your house when you die in several centuries. Just don't will it to them directly because they probably have ways to avoid the taxes. 

[Ed Anger]

I have several elaborate treasure maps that lead to ED ANGER'S SILVER.

[grumbler]

Ah but there is an interest for everyone that assets stay in the hands of smallholders rather than going to the rich. IMO, that means the tax structure should reflect that and not make it harder for the smallholders to keep it. If you don't believe that, then fine. You're entitled to your opinion. I'm sure Blackstone will be happy to buy up your house when you die in several centuries. Just don't will it to them directly because they probably have ways to avoid the taxes. 

  Dude, the rich can't pass along their wealth to their kids under my scheme, either.  I don't know why you would believe that a $500,000 share of a $200 million estate makes someone "rich" while poor Billy and Susue are poor because they only have a $500,000 cut each of a $2 million estate.

And I don't know anyone named Blackstone and don't care if he or she buys my house when I am dead.  That dog just won't hunt.

[garbon]

I plan to be a vengeful ghost if I have descendants.

[Jacob]

And I don't know anyone named Blackstone and don't care if he or she buys my house when I am dead.  That dog just won't hunt.

Pretty sure Blackstone is a company, not a dog.

[Josephus]

Well, there's only two possible answers, so that's fair.

NOt really.

I don't think parents should spend it all before they die. Nor do I think they need to leave them more than they had. There must be an inbetween.

[Jacob]

Well, there's only two possible answers, so that's fair.

NOt really.

I don't think parents should spend it all before they die. Nor do I think they need to leave them more than they had. There must be an inbetween.

A point between "leave nothing" and "leave more than you started with"?

Hmm... what could that be?

[Josephus]

oK...maybe I misunderstand the question then. 

never mind carry on....

although I do find this a bit ambiguous

Parents have a responsibility to leave their kids more than they had to start.

than who had to start? The parents?The Kids? Start what?

I took it to mean parents should leave their kids more than THEY, the parents had, when they started out as grown ups.

[Admiral Yi]

It seems pretty simple Jo Jo.

You inherit 100K.  You're supposed to leave more than 100K to your offspring.

Though Mimsy forgot to factor in inflation.

[grumbler]

And I don't know anyone named Blackstone and don't care if he or she buys my house when I am dead.  That dog just won't hunt.

Pretty sure Blackstone is a company, not a dog.

Why should I fear that some company I have never heard of will want to buy my house several centuries from now?

[garbon]

And I don't know anyone named Blackstone and don't care if he or she buys my house when I am dead.  That dog just won't hunt.

Pretty sure Blackstone is a company, not a dog.

Why should I fear that some company I have never heard of will want to buy my house several centuries from now?

Because you'll likely still be alive?

[grumbler]

A point between "leave nothing" and "leave more than you started with"?

Hmm... what could that be?

A point between "spend it all" and "parents have a responsibility."  What if they have no such responsibility and they also don't spend it all?  Or if they have a responsibility and spend it all anyway?  There are lots of spaces between the apples and the oranges.

[grumbler]

Why should I fear that some company I have never heard of will want to buy my house several centuries from now?

Because you'll likely still be alive?

And...???

[Josephus]

It seems pretty simple Jo Jo.

You inherit 100K.  You're supposed to leave more than 100K to your offspring.

Though Mimsy forgot to factor in inflation.

What if I inherit 100 K and leave half and spend half.? Can I do that for my kids?

Obviously I'm missing somehting. Not sure why it's black and white, either, or.