Abolish INHERITANCE....!!!

[Imnotdutch]

Why not just abolish inheritance altogether?.....espeically where the kids are concerned. Spouses have a role in building the inheritance sometimes so they can keep some.

If the kids knew that they werent going to get nadda from mommy and daddy they'd soon acquire a work ethic. Not to mention the fact that I'd like to see how those poor-little-rich-kids would compare to the rest of us if we started from the same level.

I think I'm about to go off on one so I'll stop now

Inheritance is not a constitutional right, it's only a right granted by individual states......Further, inheritance is expensive since its taxed, and by giving the very wealthy the right to inherit the nation's wealth becomes controlled by the many of the same families, generation after generation.

A truly capitalistic society should work for what it gets. Do third generation Rockefellers or third generation Kennedy's really work for what they've obtained? We know the answer. The great Tocqueville warned against dynastic wealth.

We should finally hear the call.......Allow proportional inheritance for minors and deserving spouses, but after a certain amount, the money should pour back into the hands of our great nation.

Sustaining true capitalism requires sustaining a work ethic. Much of the nation's wealthy have yet to recognize that ethic. Abolish inheritance!!!!

Ryan.

 

[WODIN]

I actually agree with the abolishment of inherentance.

In order to avoid people leaving large sums of debt behind you could cap there allowed debt accumulations at various ages. With the appropriate amounts of insurance to cover any possible life threatening events then a system of checks in balances through the free market could be put into place to help assure that peoples assets and debts are covered.

Further you could allow for the passing of living spaces etc based on the life style that the surviving family members are accumstomed to living. This would allow for the same basic function of leaving your mark as it were.

 

[RyanH]

To all the naysayers.......I STILL STAND BY EVERYTHING I'VE SAID.

First, the Chinese system of inheritance is perhaps the best in the world----it rewards those family members who actually contributed to the deceased person's life while ignoring those who don't. For example, in China, if Father X has daughter A and daughter B, and Daughter A contributes to her father while he is living but Daughter B does not, then Daughter A gets something but Daughter B gets nothing. Thus, rewarding hard work and diligence while penalizing laziness and lack of devotion.

Secondly, we should only tolerate inheritance when necessary. All property that we owned at death, should be sold and the proceeds paid to the United States government. There would be a few exceptoions, marital exemptions which would accue over the life of the marriage. Thus spouse could continue to get support. Decedents could also provide some money for their immediate lineal descendants, but that amount would depend on the descendents age.

Children fortunate enough to have been raised by wealthy parents should not be allowed the additional good fortune of inheriting their parent's property. Precluding them from their parent's money truly gives equal opportunity to all. Only orphans and widows should be allowed to benefit.

Sure some of you probably think this sounds communistic, but it wouldn't affect many of you. The fact of the matter is that few Americans are very wealthy, and few of you will ever be in the top 10% of the nation's wealthiest....so stop thinking that you will be.

Our nation has huge debts, our government needs that revenue.

Huge transfers of wealth have left large disparities in the distribution of wealth. Abolishing inheritance would reward hardwork while punishing fortunate birth.

AS DE TOCQUEVILLE ONCE WROTE......"WHAT IS MOST IMPORTANT FOR DEMOCRACY IS NOT THAT GREAT FORTUNES SHOULD NOT EXIST, BUT THAT GREAT FORTUNES SHOULD NOT REMAIN IN THE SAME HANDS. IN THAT WAY THERE ARE RICH MEN, BUT THEY DO NOT FORM A CLASS."

Thus, abolish inheritance!!!!!

Ryan.

 

[Sushi X]

what has the governemtn done to earn anyone's iheritance? taxed us to death? pissed off opec and raised gas prices(it took W to get them down)? c'mon name a reason. you said debt, it's their own fault for throwing money around like it's candy. c'mon ryan, try harder.

 

[MP5]

I love how the dems bitch because the Republicans support killing violent criminals that have taken an innocent life, yet they support killing babies that have not done shit to anyone. Show me that in the constitution.

 

[manny78]

Inheritance is not a constitutional right, it's only a right granted by individual states......Further, inheritance is expensive since its taxed, and by giving the very wealthy the right to inherit the nation's wealth becomes controlled by the many of the same families, generation after generation.

A truly capitalistic society should work for what it gets. Do third generation Rockefellers or third generation Kennedy's really work for what they've obtained? We know the answer. The great Tocqueville warned against dynastic wealth.

We should finally hear the call.......Allow proportional inheritance for minors and deserving spouses, but after a certain amount, the money should pour back into the hands of our great nation.

Sustaining true capitalism requires sustaining a work ethic. Much of the nation's wealthy have yet to recognize that ethic. Abolish inheritance!!!!

Ryan.

there's only one problem to your proposition: if things were like that then a rich who knew he would die soon would likely spend or put his money in some Banana country.

 

[Sushi X]

thanks for the karma mp, i'd give ya some but i'm all out.

lol, i checked my karma thing and someone gave me bad karma on strongchick's money/big corp thread and did not sign their name. what a little whinner, heh heh.

 

[MP5]

No problem, I give it when I can, usually I am tapped out of have given karka to someone to recently.

 

[gymtime]

Inheritance is not a constitutional right, it's only a right granted by individual states.......

A truly capitalistic society should work for what it gets......

Sustaining true capitalism requires sustaining a work ethic....

Ryan.

So I can assume you oppose welfare as well?

 

[RyanH]

Isn't that sweet? A karma exchange between MP5 and SushiX.

MP5, why do you continue to refer to fetuses as "human lives"....they simply aren't....Doctors and the United States Supreme Court has even said so. Many anti-choice simply want to stick their noses into a woman's body, if they cared so much about life the value of life they would't support captial punishment, the tobacco industry, and the NRA (one of the word's most legalized killers).