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0 sats \ 17 replies \ @fourrules OP 14h \ parent \ on: The wealth tax nobody talks about is inheritance / gift tax econ
What's the point if they end up dying alone in a childless world, jumping from a balcony or taking a bunch of pills, or euthanised by the state?
They will still pass fortunes down to their family, rather than some random people. Tax free.
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How many millennials do you think own non-KYC bitcoin or would know how to get it?
Let's have a serious discussion please.
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- My nephew is a project lead in a crypto (shitcoin) bucket shop. He will survive and teach the rest.
- I published articles on how to accumulate and spend under the radar.
- I don't expect to go any time soon.
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This has nothing to do with my post, it's a personal anecdote.
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All the millenials will need to know is how to spend non-KYC bitcoin. Uncles can leave instructions. Sirvival of the fittests, not the laziest.
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Yeah ok, but what has that got to do with the post?
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Non-KYC bitcoin left to nieces and nephews, or to any relatives really, is a better way to avoid inheritance tax compared to what you propose: leave your wealth to unrelated families. Or you are saying everybody will be dying completely alone soon? Rather, I am more eager to believe in longevity escape velocity or transhumanism, than this. For uploaded minds or brains in the jars storing wealth in bitcoin makes even more sense. Why do you limit your options to existing fiat system, that is dying?
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I'm not describing a way to avoid inheritance tax.
States are bankrupt, there is no way that inheritance tax is going away. I'm not going to discuss transhumanism and all of that shit. I'm working off premises that are not delusional.
Ok, now thinking from solid ground again, there is a demographic collapse that is going to hit us like a freight train, in fact it is arguable that so many of our problems are causes by a demographic doom loop, that's why states are debasing as much as they are, which itself is compounding the doom loop.
This is also creating pressure for wealth taxes.
So what if you could redirect that political energy and pressure towards wealth taxes to solve the demographic crisis?
If we don't do that then yes, many many people will be dying alone. In Japan geriatric suicide is an epidemic. In this recognition the West is preparing by introducing euthanasia, rather than solving the problem.