Imagine mistaking privilege for fitness.
I guess the problem most here have is who deserves billions of dollars? In my opinion no one does.
So by your logic, living modestly and saving/investing scrupulously while working 40+ hours a week for 45+ years in order to bank a couple million for retirement, and sitting on one's ass in one's 20s while interest rolls in from the multimillion dollar trust fund courtesy of daddy or mommy, are basically the same thing. Both people "earned" their money, after all!
Why should some people arbitrarily enjoy massive advantages they didn't earn, while others start from a much lower rung and suffer their whole lives? How can an ethical society allow socioeconomic inequality to such an extreme that the top 1% control almost all the available wealth, while countless people struggle to meet their basic needs? All those struggling people aren't lazy. The odds are stacked against them.
That's like the smallest sect of black metal that's mostly dead, the only nsbm band that had any chops was probably Absurd. I was quite happy that Graveland took a big dump on nsbm.
Then why isn't Taylor Swift a billionaire? Beyonce? They got comparable social media reach. There's a lot of components to becoming a millionaire.
See, here's my thing. The current generation of my family is set to more or less take the reins and inherit businesses and property, but according to this site and, surprisingly encountered this view irl, we don't deserve to inherit it because reasons?? Inheritance suddenly makes you bad people/immoral and you need to be thrown back down to the rest of society. Like my family built what we have why shouldn't we be able to pass it on?
Makeup/cosmetic products empire.
Inherited wealth is a large driver of inequality. People think there's no harm in inheriting wealth but this isn't true in the macro. What seems reasonable as a personal choice has large scale consequences when everyone does it (as a physical example, say, driving a car and climate change). That said if your familial net worth is under $1million it probably doesn't make much of a difference in the end whether it's taxed or not. But the estate tax (the tax you pay on inheriting) is one of the most effective means of redistribution. In 19th-20th century France, when the estate tax was high, inequality was low (relatively) and when the tax lowered, inequality went up.
lmao. Y'all really have drunk the fucking socialist kool aid.
I mean... that's reasonable but what exactly constitutes a "high" estate tax?
Well it's too low in the states since there's exemptions up to $11 million.
