No, the money will go to their descendants who will try to get even richer than their parents. A large part of that money will also be taken by the state because ?? and ??.

Nothing would change.

[–] Skullgrid@lemmy.world 21 points 4 months ago (1 children)

A large part of that money will also be taken by the state because ?? and ??.

to make society work, and IDK, give food stamps to the single mother? it's literally the theme of the post.

[–] Tetsuo@jlai.lu -3 points 4 months ago* (last edited 4 months ago) (1 children)

I want the same thing I just don't think taking what is inherited is the way to do it.

I would much rather see the ultra-rich pay properly their taxes when they are alive.

It's not like taking inheritance money is the only way to finance things. I don't see the reasoning.

I can totally understand why someone with huge revenue would pay more taxes but I don't see why someone who inherits has to pay taxes at that exact moment.

In any case, I think you are missing the point and answering the question "for what purpose?". Instead of "why?".

I want to know why it's more logical to pay taxes when you die rather than paying them in the first place when you got the revenue.

Obviously, the money collected is useful I just don't see why it has to be collected when it is a time of sorrow for a family.

~~Also where I live it's like 50% of the inheritance that is taxed. It is not just significant, it is 50% of the work of a life that goes in one shot to the state when someone dies.~~

Edit: I was mistaken, I did some calculations and a practical example: If I inherited 200 000€ I would have to pay around 18 194€ (20%)for one taxation and some additional applies but it's nowhere near what I was told. This rate goes from 5% to 45% for the largest inheritance. In reality, to get a 45% taxation in France I would have to inherit more than 1.5 million euros.

I still think this taxation is too high and I regret that my comment is not clear. I don't want less taxation overall I just think it makes more sense to take the money over time on the revenues. Anyway, taxation for inheritance is still something people here are very much concerned about. Parents want their children to inherit as much as possible of their wealth obviously so seeing a good chunk going to taxation is not great. Again I'm ok to pay taxes. But we have 192 different taxes here (that's the exact number calculated in 2014) so I would prefer a system where most of the taxation comes from revenues and what you own and that's it.

[–] Crashumbc@lemmy.world 3 points 4 months ago

I'm curious where you live? Because many places have laws like that. Almost NO WHERE do the ultra rich actually pay that. There's always loop holes built in for them.

[–] NABDad@lemmy.world 17 points 4 months ago (1 children)

You're just not killing enough people. At some point the heirs decide to give it all away.

[–] Sanctus@lemmy.world 7 points 4 months ago

This has historical precedence. Many times over. Collective action works.