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Jane Adams

@quixote @Strandjunker one of my favorite 'fancy people party' tricks is telling people I believe in a 100% inheritance tax and then watching them sputter in horror about how in a world with truly no intergenerational wealth, no amount of fortune could prevent their children from having to attend...

😱🌩️ public school 🌩️😱

Then when I suggest that the inheritance tax could be used to improve public schools, so it wouldn't actually be so bad, they mutter something about them being irreparable :(

3 comments
LN

@janeadams @quixote @Strandjunker 100% inheritance tax is the logical consequence of taking libertarian arguments about the "meritocracy" seriously. Alas most people don't mean it and get flustered when you take them at their word.

Jane Adams

@ln @quixote @Strandjunker The unfortunate reality is that it would likely just result in more tax evasion loopholes (life insurance anyone?) It sure is a fun exercise though, along with telling conservative libertarians that the most libertarian thing to do would be to eliminate state and national borders entirely, thereby avoiding the immigration problem entirely ("no one can be an illegal immigrant if immigration isn't illegal")

quixote

@janeadams @ln @Strandjunker Tax evasion and its loopholes can be plugged or even prevented if the will is there among the powers that be. Mostly, though, the unfortunate reality is they're trying to do just enough to sound good to the have-nots while not really bothering the donor class too much. Not too surprising that never works.

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