OpenAI ex-CEO on inheritance tax | Hacker News Reader

OpenAI ex-CEO on inheritance tax

twitter.com

2 pointsdrexlspivey8 comments

Another good idea, IMHO, is a thresholded 100% tax (e.g, after 2M per heir, excluding main résidence), everything is put in a sovereign fund. Basically the same effect, but doesn't touch smaller inheritances and family house.

$2m in Idaho is different to $2m in Silicon Valley.

Why not just the top bracket of income tax at 100%?

True. I was not even thinking internationally - I defaulted to my french POV...

From a French POV, experience has shown that punitive wealth taxes achieve only one thing and that is to make those who can afford it move abroad for tax purposes.

That must not be a factor as it would only serve to wildly inflate already unequal cost of living disparities. The only way to fix poor or too expensive market conditions is an economic correction and those always hurt someone.

Just guessing, but you may be responding to the kind of boring stuff visible in the only tweet that Twitter lets you see as a logged out user these days.

This however is just a launching point for a discussion about how what you or the ex-CEO are proposing in that tweet makes you an enemy of the human race and likely to be the first against the wall when the libertarian version of The Purge begins.

Yep. I have -blessedly?- no Twitter account. And I distrust the purge arguments... Actually believe that such an inheritance spread scheme could advantageously replace a bunch of welfare programs. It is both non punitive, equalitarian, by its very nature reparative (literally wipes generational/racial advantages), and in a way libertarian to the extreme: parents inheritance is to libertarian kids what government handouts is to social democrats.(for the oblivious: bit tongue in cheek for the last one)

Oh dear, paleo-libertarians are a thing now?

Inheritance tax is bad because of chipped flint arrowheads being the basis of all civilization while laws (other than those that protect investment and property of course) are just excuses to kidnap people at gunpoint?

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