Comment on If AI takes most of our jobs, money as we know it will be over. What then?
sugar_in_your_tea@sh.itjust.works 3 weeks agoThe idea is rooted in the same ideas that Georgism is based on, which is the idea that people should own the value they create themselves, whereas things like property should be communally owned. Inheritance money isn’t created value, so I think there’s a good argument that it should be capped, and any excess should go to the people…
I don’t believe in inheritance tax to fund the government though, it should merely be redistributed either as cash or donations to unaffiliated charities. The only tax used to fund governments should be land value taxes.
Vinstaal0@feddit.nl 3 weeks ago
100% inheritence tax will go to the government though.
Still it’s basically stealing from families anyway.
sugar_in_your_tea@sh.itjust.works 3 weeks ago
I’m saying it shouldn’t, it should instead be distributed to the people. It should be used for something like UBI.
Vinstaal0@feddit.nl 3 weeks ago
Which goes through the government.
Again if you want more income for those at the bottom you want efficient tax methods and 100% is not an efficient tax method since people will do EVERYTHING they can to avoid it. If people can accept a tax rate, they will pay it. Well a lot more people will pay it.
sugar_in_your_tea@sh.itjust.works 3 weeks ago
Yes, it goes through the government and is technically a tax, my point is that it’s not funding the government.
The point isn’t to be an effective way to redistribute money, the point is to ensure the winners earned it as much as possible. When someone “succeeds” entirely because of their parents’ wealth, we run into the same issues as we had under kings where those at the top feel like they “deserve” to be there without actually earning it. If rich people decide to donate it all to causes they support instead of having it be redistributed, that’s totally fine, because the point isn’t to help the poor, it’s to prevent generational wealth from determining winners and losers.