@stewardish.bsky.social
The luck is getting the money. Plenty of kids are raised in environments that teach the value of hard work & don’t get handed millions of dollars.
Actually, you do make a good point: if the environment is so great, the kid should need the money less than other kids. Right?
Actually, you do make a good point: if the environment is so great, the kid should need the money less than other kids. Right?
November 19, 2025 at 10:27 PM
The luck is getting the money. Plenty of kids are raised in environments that teach the value of hard work & don’t get handed millions of dollars.
Actually, you do make a good point: if the environment is so great, the kid should need the money less than other kids. Right?
Actually, you do make a good point: if the environment is so great, the kid should need the money less than other kids. Right?
And that’s okay! It isn’t bad to be rich.
But it is bad when rich people get more say in how our laws are structured. And especially when they start exempting themselves from the laws other people have to follow.
All income should be subject to income tax, even if it comes from grandma.
But it is bad when rich people get more say in how our laws are structured. And especially when they start exempting themselves from the laws other people have to follow.
All income should be subject to income tax, even if it comes from grandma.
November 19, 2025 at 10:20 PM
And that’s okay! It isn’t bad to be rich.
But it is bad when rich people get more say in how our laws are structured. And especially when they start exempting themselves from the laws other people have to follow.
All income should be subject to income tax, even if it comes from grandma.
But it is bad when rich people get more say in how our laws are structured. And especially when they start exempting themselves from the laws other people have to follow.
All income should be subject to income tax, even if it comes from grandma.
I appreciate that you support social services. That is good for people, and the stability of society.
November 19, 2025 at 10:17 PM
I appreciate that you support social services. That is good for people, and the stability of society.
If you have a net worth of $163k, you are in the top 50% of US households. If you have a net worth over $1.6 million (and remember, this includes your house) you are in the top 10%. If you have a net worth over $11.7 million, you are in the top 1%.
You are rich.
www.richmondfed.org/publications...
You are rich.
www.richmondfed.org/publications...
Portfolios Across the U.S. Wealth Distribution
Portfolio composition varies widely among age groups. What patterns could contribute to unequal wealth distribution?
www.richmondfed.org
November 19, 2025 at 10:14 PM
If you have a net worth of $163k, you are in the top 50% of US households. If you have a net worth over $1.6 million (and remember, this includes your house) you are in the top 10%. If you have a net worth over $11.7 million, you are in the top 1%.
You are rich.
www.richmondfed.org/publications...
You are rich.
www.richmondfed.org/publications...
If the child values hard work, they are welcome to go out, work hard and earn money of their own.
But handing them money they did no work to earn teaches the exact opposite lesson.
But handing them money they did no work to earn teaches the exact opposite lesson.
November 19, 2025 at 10:10 PM
If the child values hard work, they are welcome to go out, work hard and earn money of their own.
But handing them money they did no work to earn teaches the exact opposite lesson.
But handing them money they did no work to earn teaches the exact opposite lesson.
B. Unrealized capital gains have never had taxes paid. Would you support taxing all unrealized capital gains?
November 19, 2025 at 10:08 PM
B. Unrealized capital gains have never had taxes paid. Would you support taxing all unrealized capital gains?
A. If the parent was paying them because they were employing the child as a gardener, that salary would be taxed, right? Even though the money used to pay that salary had already been taxed?
November 19, 2025 at 10:07 PM
A. If the parent was paying them because they were employing the child as a gardener, that salary would be taxed, right? Even though the money used to pay that salary had already been taxed?
The parent can be hardworking. The kid is just lucky.
November 19, 2025 at 9:01 PM
The parent can be hardworking. The kid is just lucky.
Thank you for being honest about your class position, though: too many people in your situation pretend their preference is somehow objective.
I understand how you believe your grandchildren are worth more than other children. That’s evolutionarily appropriate! But objectively, they aren’t.
I understand how you believe your grandchildren are worth more than other children. That’s evolutionarily appropriate! But objectively, they aren’t.
November 19, 2025 at 8:57 PM
Thank you for being honest about your class position, though: too many people in your situation pretend their preference is somehow objective.
I understand how you believe your grandchildren are worth more than other children. That’s evolutionarily appropriate! But objectively, they aren’t.
I understand how you believe your grandchildren are worth more than other children. That’s evolutionarily appropriate! But objectively, they aren’t.
Now they get their desires to be over-represented in society not even because they were rewarded, just because of the accident of their birth. They can have a negative total contribution and still be catered to.
It’s no more efficient than hereditary feudalism.
It’s no more efficient than hereditary feudalism.
November 19, 2025 at 8:55 PM
Now they get their desires to be over-represented in society not even because they were rewarded, just because of the accident of their birth. They can have a negative total contribution and still be catered to.
It’s no more efficient than hereditary feudalism.
It’s no more efficient than hereditary feudalism.
No, they are just lucky.
You could choose any random child and leave them the same money with the same benefits. From society’s perspective, choosing the child you (believe to) have a genetic connection to yourself doesn’t change it at all.
If anything, it makes it worse. Nepotism warps economies.
You could choose any random child and leave them the same money with the same benefits. From society’s perspective, choosing the child you (believe to) have a genetic connection to yourself doesn’t change it at all.
If anything, it makes it worse. Nepotism warps economies.
November 19, 2025 at 8:52 PM
No, they are just lucky.
You could choose any random child and leave them the same money with the same benefits. From society’s perspective, choosing the child you (believe to) have a genetic connection to yourself doesn’t change it at all.
If anything, it makes it worse. Nepotism warps economies.
You could choose any random child and leave them the same money with the same benefits. From society’s perspective, choosing the child you (believe to) have a genetic connection to yourself doesn’t change it at all.
If anything, it makes it worse. Nepotism warps economies.
Yeah, one of them you worked for and the other one is just winning a lottery. Why would we tax “I got ridiculously lucky” less than “I contributed value to the world”?
November 19, 2025 at 6:11 PM
Yeah, one of them you worked for and the other one is just winning a lottery. Why would we tax “I got ridiculously lucky” less than “I contributed value to the world”?
Right now the capital gains at death aren’t even being taxed once: why would it lead to double taxation?
Not to mention that any homeowner in California is being double taxed right now, so obviously we don’t care that much about double taxation.
Not to mention that any homeowner in California is being double taxed right now, so obviously we don’t care that much about double taxation.
November 19, 2025 at 6:04 PM
Right now the capital gains at death aren’t even being taxed once: why would it lead to double taxation?
Not to mention that any homeowner in California is being double taxed right now, so obviously we don’t care that much about double taxation.
Not to mention that any homeowner in California is being double taxed right now, so obviously we don’t care that much about double taxation.
We can drop it to $50k and no rebase asset values when they get inherited and that would still be true. Right now, if you don’t hire an accountant you miss out on the fancy tax evasion benefits.
November 19, 2025 at 6:10 AM
We can drop it to $50k and no rebase asset values when they get inherited and that would still be true. Right now, if you don’t hire an accountant you miss out on the fancy tax evasion benefits.
It is genuinely wild that you are justifying people stealing money for you just because they are rich.
November 19, 2025 at 6:04 AM
It is genuinely wild that you are justifying people stealing money for you just because they are rich.
Rich people have an extremely low propensity to spend, but even if that wasn’t true, your argument applies just as well to every other tax. Why only let rich people off the hook? By your logic, we should just abolish the government all together, public goods be damned.
November 19, 2025 at 6:03 AM
Rich people have an extremely low propensity to spend, but even if that wasn’t true, your argument applies just as well to every other tax. Why only let rich people off the hook? By your logic, we should just abolish the government all together, public goods be damned.
Because A. inequality breaks capitalism & eliminating inheritance taxes has increased inequality and B. the rich are using it to avoid taxes all together, stealing from the rest of us.
If they don’t. want to pay taxes they can leave it to charity. Otherwise, they should pay taxes on their winnings.
If they don’t. want to pay taxes they can leave it to charity. Otherwise, they should pay taxes on their winnings.
November 19, 2025 at 6:01 AM
Because A. inequality breaks capitalism & eliminating inheritance taxes has increased inequality and B. the rich are using it to avoid taxes all together, stealing from the rest of us.
If they don’t. want to pay taxes they can leave it to charity. Otherwise, they should pay taxes on their winnings.
If they don’t. want to pay taxes they can leave it to charity. Otherwise, they should pay taxes on their winnings.
How is tax evasion beneficial? We are all being stolen from
November 19, 2025 at 5:50 AM
How is tax evasion beneficial? We are all being stolen from
You get to realize the appreciation of an asset entirely tax-free, and completely legally.
November 19, 2025 at 5:39 AM
You get to realize the appreciation of an asset entirely tax-free, and completely legally.
Not when an asset is inherited. This is how rich people get to completely avoid tax: borrow against an asset, give the asset to your kid. If the estate is less than $15 million, in most states the kid gets to pay taxes only on any additional appreciation after it was inherited, even if they sell it.
November 19, 2025 at 5:37 AM
Not when an asset is inherited. This is how rich people get to completely avoid tax: borrow against an asset, give the asset to your kid. If the estate is less than $15 million, in most states the kid gets to pay taxes only on any additional appreciation after it was inherited, even if they sell it.
Capital gains aren’t
November 19, 2025 at 5:25 AM
Capital gains aren’t