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Cain · 09-23-2021, 05:45 PM

I would support a closer look at inheritance taxes.

I understand the inclination to do as much for your child as you can, and to pass on to them as much as you can for a comfortable and happy life. My parents are like this and so am I.

However, it does come to a point where some people are leaving such vast sums of wealth that there really is no way to address the snowball of the wealth gap getting larger and larger. In my mind, a wealthy child already has a huge headstart in life with all of the advantages that wealth brings while growing up. This is then multiplied with a large inheritance.

A more equitable system would look at the extremely large inheritances and tax that again. You can't take all of it, those inheritances will still remain large, but you cannot convince me that anyone truly "deserves" to be born into enough money that they won't have to lift a finger for the rest of their lives. I also understand people being unsure about a system like this but I don't think you focus on the kids that are stumbling into a couple hundred thousand, but those who are inheriting the 10s of millions.

It certainly won't address all of the wealth inequality/distribution issues in society but in my opinion it is definitely worth looking into.

09-23-2021, 05:45 PM	#231
Cain Powerplay Quarterback Join Date: Oct 2002 Exp:	I would support a closer look at inheritance taxes. I understand the inclination to do as much for your child as you can, and to pass on to them as much as you can for a comfortable and happy life. My parents are like this and so am I. However, it does come to a point where some people are leaving such vast sums of wealth that there really is no way to address the snowball of the wealth gap getting larger and larger. In my mind, a wealthy child already has a huge headstart in life with all of the advantages that wealth brings while growing up. This is then multiplied with a large inheritance. A more equitable system would look at the extremely large inheritances and tax that again. You can't take all of it, those inheritances will still remain large, but you cannot convince me that anyone truly "deserves" to be born into enough money that they won't have to lift a finger for the rest of their lives. I also understand people being unsure about a system like this but I don't think you focus on the kids that are stumbling into a couple hundred thousand, but those who are inheriting the 10s of millions. It certainly won't address all of the wealth inequality/distribution issues in society but in my opinion it is definitely worth looking into.