this post was submitted on 31 Dec 2024
906 points (99.3% liked)
196
17057 readers
698 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
Other rules
Behavior rules:
- No bigotry (transphobia, racism, etc…)
- No genocide denial
- No support for authoritarian behaviour (incl. Tankies)
- No namecalling
- Accounts from lemmygrad.ml, threads.net, or hexbear.net are held to higher standards
- Other things seen as cleary bad
Posting rules:
- No AI generated content (DALL-E etc…)
- No advertisements
- No gore / violence
- Mutual aid posts require verification from the mods first
NSFW: NSFW content is permitted but it must be tagged and have content warnings. Anything that doesn't adhere to this will be removed. Content warnings should be added like: [penis], [explicit description of sex]. Non-sexualized breasts of any gender are not considered inappropriate and therefore do not need to be blurred/tagged.
If you have any questions, feel free to contact us on our matrix channel or email.
Other 196's:
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Even at 1:1 we’d be out of billionaires in a couple months.
CEOs hate this one simple trick for preventing school shootings!
No, because inheritance
First off, there's an estate tax. Second, it's rare for only one person to inherit everything. Third, the children and next of kin are often not even remotely as bad as the dragons that hoard wealth.
Statistically speaking, 70 percent of inheritances are lost by the second generation. It's then 90% by the third.
Just for pedentasim, most wealth held by the extremely rich is in the form of assets that aren't covered by the estate taxes. This is often by design.
those dragons that hoard wealth are almost always the children and next of kin in the first place.