this post was submitted on 30 Dec 2024
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[โ€“] [email protected] 27 points 1 month ago (1 children)

So many heirs tho...

What do we do if their heirs just inherit it?

Anakin Skywalker time? ๐Ÿค”

[โ€“] [email protected] 19 points 1 month ago (1 children)

If we're waving magic wands around, change the tax laws to limit how much you can inherit.

Changing the step up basis thing is actually pretty low hanging fruit.

https://www.investopedia.com/terms/s/stepupinbasis.asp

https://smartasset.com/investing/buy-borrow-die-how-the-rich-avoid-taxes

[โ€“] [email protected] 15 points 1 month ago

I mean, if we could easily change laws, we wouldn't need to murder a bunch of rich people, just seize any assets that exceed a certain limit (a wealth cap essentially) and call it a day. No bloodshed. Frankly, I'm not a fan of violence if there is a peaceful path.