So you’re saying if we kill the 8, we can double the wealth of almost half of the population of the world?
Yeah but think of the impact on society, any of us could be those top 8 if we just worked hard enough!
/s
It won’t. The kind of people who would offer themselves up to be killed for the good of humanity aren’t the kind of people who make a billion dollars unless they hit the lottery a few times in a row.
I’ll sign this pact too.
Once I’m into the top 1000 net worths on earth (practically a given to happen), I’ll just retire.
If my valuable assets force me into the top 100 (more likely than not), I’ll hire somebody to find good charities to prop up.
If I stumble into the top 10 billion/trillion-aires, go ahead and do what you gotta do and remind my widow to do nice things with the estate.
Since when does wealth be shared when someone dies ?
No, the money will go to their descendants who will try to get even richer than their parents. A large part of that money will also be taken by the state because ?? and ??.
Nothing would change.
A large part of that money will also be taken by the state because ?? and ??.
to make society work, and IDK, give food stamps to the single mother? it’s literally the theme of the post.
I want the same thing I just don’t think taking what is inherited is the way to do it.
I would much rather see the ultra-rich pay properly their taxes when they are alive.
It’s not like taking inheritance money is the only way to finance things. I don’t see the reasoning.
I can totally understand why someone with huge revenue would pay more taxes but I don’t see why someone who inherits has to pay taxes at that exact moment.
In any case, I think you are missing the point and answering the question “for what purpose?”. Instead of “why?”.
I want to know why it’s more logical to pay taxes when you die rather than paying them in the first place when you got the revenue.
Obviously, the money collected is useful I just don’t see why it has to be collected when it is a time of sorrow for a family.
Also where I live it’s like 50% of the inheritance that is taxed. It is not just significant, it is 50% of the work of a life that goes in one shot to the state when someone dies.
Edit: I was mistaken, I did some calculations and a practical example: If I inherited 200 000€ I would have to pay around 18 194€ (20%)for one taxation and some additional applies but it’s nowhere near what I was told. This rate goes from 5% to 45% for the largest inheritance. In reality, to get a 45% taxation in France I would have to inherit more than 1.5 million euros.
I still think this taxation is too high and I regret that my comment is not clear. I don’t want less taxation overall I just think it makes more sense to take the money over time on the revenues. Anyway, taxation for inheritance is still something people here are very much concerned about. Parents want their children to inherit as much as possible of their wealth obviously so seeing a good chunk going to taxation is not great. Again I’m ok to pay taxes. But we have 192 different taxes here (that’s the exact number calculated in 2014) so I would prefer a system where most of the taxation comes from revenues and what you own and that’s it.
You’re just not killing enough people. At some point the heirs decide to give it all away.
more like based methodist church
If only. I went to one of their bishop factories as yooth, the people that matter to the organization don’t share these principles.
Your experience is certainly valid but for those interested there are at least 13 Methodist denominations in the North America alone, several of which exist because they participate in more progressive leadership :)
And it’s gotten much worse since then. The $185 billion number listed as the highest wealth would be around number 5 now, with Musk, Bezos, Zuckerberg, and Arnault all having more than that now I think.
My favorite statistic household net worth (includes cars, houses, retirement, everything).
Median from 2022 was 192,000 Mean from 2022 was 1,063,000
The ultra-rich are such incredible outliers that the mean is more than 5x the median.
The 10 wealthiest people in 2024 control almost 1.7 trillion dollars. That’s more than the GDP of the pooreat 100 countries combined.
I’d like to see a loaves and fishes kinda miracle performed with the bodies of these 8 men.
Interesting fact if you make $100000 a year and not counting any taxes or inflation or spending it would take you 10000 years to become a billionaire
Absolutely! You just have to ditch those silly luxuries like food and shelter. You could even start working 80 hour weeks in hopes of getting passed over for that promotion again. Until then, you can just dream about how that extra $100 a month could possibly bring the total time down to 9,989 years.
