Should the concept of "inheritance" be abolished?

Question

If we wanted to attain a true level playing field in this country, "inheritance" should be abolished. If you die, wealth should be re-distributed back into the system. After all, you're dead! Money has no meaning to you. This would give everyone in this country a fair chance since you truly started from nothing. Imagine if Paris Hilton couldn't inherit all that money and actually had to get a real job!

Answer 1

Yes.

Answer 2

This is communism at it's very, very best. No one owns anything and all profit is shared equally regardless of any ones contribution.

It completely kills all initiative and ambition. Ask the leader of the USSR how it works. Oh that's right, the USSR is gone. Well let's ask the; no China is going Capitalistic at a mind boggling pace.

Get it done and I will just sit here and draw welfare until some one dies and their wealth is redistributed to me.

Sorry but this is one terrible, terrible idea.

If you really want to level the playing field nationalize everything, and we get everything free. The government decides where we work and what we do. And everybody is equal. Does that sound like a bit of a robot society. HeII under those rules we don't need humans at all.

A person could literally write a book about all the things that could and would happen if something like this was actually enacted.

Answer 3

bill gates would not have that kind of money at the start and the govt.has the surprising to snatch land from everybody with due reimbursement so there's no possibility of a few wealthy guy combating parkway shape. the certainty that land is finite, as is each and every thing in this universe, is all the greater reason it would possibly be owned and traded for money, products or centers. this is the terrific way of allotting issues to the main intense valued consumer. 1000's of years of human civilization might back me up in this. I advise you're taking an Economics direction to benefit greater approximately this subject remember. if your questioning how I knew you have been nevertheless at college, its because of the fact in easy terms a teenager would have the surprising mix of conceitedness and lack of expertise to make certainly one of those ambitious and yet stupid concept. as though your 15-18 3 hundred and sixty 5 days previous techniques could truly out think of each and every grownup presently residing or who has ever lived.

Answer 4

So, what is the point in striving to gain wealth if you don't get to keep it for yourself and your loved ones? For every Paris Hilton you can name, there are countless thousands of widows and children who would be destitute if such laws existed. The uber-rich would find some way to shelter their money...they always do. It would be the modestly rich, middle income and lower that would be adversely affected. Such a law would be the foundation for social stagnation. No one would have a reason to work hard. But beyond that who are you to determine what I do with my money which I earned over years of sacrifice and hard work?

MONUMENTALLY BAD IDEA!!

Answer 5

Just imagine you have a 15 year old child, whom you've been saving money for them to go to college. If you and your wife died in a car accident, your child should be screwed and now have to find their own way to pay for college? Afterall, that money would have been much better spent while you're alive, so why deprive yourself or your family anything they want. I think you would see savings accounts dissapear and the economy would crumble. Banks loan money from people who have money in the bank, if people stopped using banks to store money...well just think about it. BTW Paris makes millions a year from modeling, commercials, fashion line, and various tv projects. She wouldn't need the money, her name alone would and does allow her to make millions. So next we should make people change their surnames at birth and make it illegal for anyone to know who you are related to?

Answer 6

You must not have any rich relatives.

Answer 7

No!