This is why estate taxes should be 100%

[viper37]

and how do you prevent estates from being transferred while the owner is still alive?

Gift taxes.

so charity is now forbidden.  State would take everything and give nothing back.  I suppose it pleases to some people.

[The Minsky Moment]

and how do you prevent estates from being transferred while the owner is still alive?

Gift taxes.

so charity is now forbidden.  State would take everything and give nothing back.  I suppose it pleases to some people.

[garbon]

http://richkidsofinstagram.tumblr.com/page/1

Not sure I follow. Aren't you a 1%? Aren't you supposed to be among these?

Wealth is not the same as wanton and mindless consummerism.

There is a difference between being Warren Buffet and Richard Branson or Paris Hilton.

Wouldn't "wanton and mindless consumerism" increase if wealth can't be transferred from generation to generation?

[Martinus]

http://richkidsofinstagram.tumblr.com/page/1

Not sure I follow. Aren't you a 1%? Aren't you supposed to be among these?

Wealth is not the same as wanton and mindless consummerism.

There is a difference between being Warren Buffet and Richard Branson or Paris Hilton.

Wouldn't "wanton and mindless consumerism" increase if wealth can't be transferred from generation to generation?

I don't know - usually people who earn the money are the type of people who do not want to spend it wantonly on useless shit. And even if they were, it's still their right since they earned it - as opposed to the parasites who spawned out of their cum.

[MadImmortalMan]

It's also their right to give it to the cum parasites.

In the US, you can gift $13k tax free per year. I know because I give my mom that much every single year. 

[Martinus]

It's also their right to give it to the cum parasites.

In the US, you can gift $13k tax free per year. I know because I give my mom that much every single year. 

That's fine - I'm fine with gifts, since the giver is still in mental capacity and presumably the decision is correct. But once a person croak, there is really no reason why his adult children should get anything of it (except if someone is e.g. disabled and cannot earn his or her maintenance).

[Darth Wagtaros]

Your view reflects your communist upbringing.  "These parasites should not inherit the People's wealth! The money should be given to the government and redistributed as needed."

[Martinus]

Your view reflects your communist upbringing.  "These parasites should not inherit the People's wealth! The money should be given to the government and redistributed as needed."

I have well-off parents. They helped me with my life and I'm fine with it. But I now earn my own living and I see no reason why I should get their money whe they die. So really it's hard to say I had a communist upbringing. Quite the opposite.

[Siege]

http://richkidsofinstagram.tumblr.com/page/1

Not sure I follow. Aren't you a 1%? Aren't you supposed to be among these?

Wealth is not the same as wanton and mindless consummerism.

There is a difference between being Warren Buffet and Richard Branson or Paris Hilton.

What are you talking about?
Mindless consumerism is a source of wealth.
We need more rich kids like these to generate more revenues for the tourism, car, and entertaiment industries.

[Siege]

Your view reflects your communist upbringing.  "These parasites should not inherit the People's wealth! The money should be given to the government and redistributed as needed."

Word.

[Grey Fox]

Paris Hilton is a bad example. The Women created a multi million dollar empire that does make or produce anything.

[DGuller]

Mindless consumerism is a source of wealth.

It's not like there would be no consumption without them.  If these rich were lined up and executed, and their wealth redistributed, those who got the spoils would increase their own consumption.  In fact, they'd probably consume higher percent of that wealth than the now-deceased rich would.

[Grey Fox]

Your view reflects your communist upbringing.  "These parasites should not inherit the People's wealth! The money should be given to the government and redistributed as needed."

I have well-off parents. They helped me with my life and I'm fine with it. But I now earn my own living and I see no reason why I should get their money whe they die. So really it's hard to say I had a communist upbringing. Quite the opposite.

What do you suggest they do with it?

[Martinus]

So, noone is going to agree with me? Seriously? Since when this forum has gone so neo-con?

[Grey Fox]

So, noone is going to agree with me? Seriously? Since when this forum has gone so neo-con?

Your view has nothing to do with economy, it's all because you hate children.