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0 pointsars7y ago0 comments

> Make each generation start from scratch

And how do you prevent people from giving gifts? Parents giving their children a gift of money?

And trusts are a thing, so gift tax would not help as much as you would think.

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4 comments · 1 top-level

lovich7y ago· 3 in thread

I'd find it much more acceptable if you gave your children your wealth during your lifetime. At least you have to actually give up something rather than passing on all your economic power after you no longer have use for it

lukevdp7y ago

Then people transfer their wealth just before they die?

gjm117y ago

While there are ways to make sure that the wealth transfer happens "just before they die" (rather than them living on after giving it away), the law tends to frown upon them.

baud1472587y ago

And then you'd get laws that limits the wealth that can be given to childrens, like those in France. Yeah for taxes!

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