/biz/ - Business & Finance

>>11851745
I lost 5% of my inheritance with Bitcoin.

>>11851745
Just tax the fuck out of inheritances.
Or have 19th century style laws that mandate who can inherit and how much can be inherited.

>>11851745
It's not our fault your parents were retards.

>>11851757
this, basically. inheritance is a self-solving problem in most cases, because most children of rich people squander their wealth
read more books and less instagrams, for example "the millionaire next door". once you've done that you can have this discussion, if you still feel there's a need for it

>>11851772
stay in school kid
i live in a country where inheritance tax can be above 100% (france). net result is the middle class is kept middle class, while really rich people have their wealth in assets, international trusts and the like
taxation as an answer is nothing but a ploy to distract poor retards using marginally less poor retards as a scapegoat

Inheritance is a self-correcting mechanism sooner or later. Anyone will be irresponsible with the money they're born into will eventually make a string of bad decisions that will blow out their inheritance, if not, their offsprings' inheritance.

>>11851783
Will check that book out, thanks

>>11851809
Can confirm, if burgers thought they had it bad, wait till they see how France has a near 50% taxation rate. Fuck this stupid country

>>11851809
>>11851992
100% tax
TOP KEK
niquez vos mères les prolos

>>11851781
You can at least be transparent about it instead of implying how awesome you are.

>>11851745
>t.socialist

There is nothing more pathetic than a poor person whining about the rich. I unironically hate all poor people because they are so stupid and pathetic.
As others have said in this thread, inheritance is a self-correcting problem.

If the parents are wise, they will teach their children the value of money and raise them properly.
If the parents are foolish, their children will grow to become fools tenfold, and squander their inheritance.

Unironically, the "inheri-retards" you are talking about, are just as dumb as you. Lazy, retarded, entitled, crab-mentality, always looking to blame everyone but themselves for their own failures in life.

>>11851992
I think that in Belgium you pay inheritance for your parents house. 60% i believe

>>11852258
>projecting
I unironically hate children of rich people because they are so stupid, pathetic and oblivious as to why they are hated by everyone.

>>11852198
>uses ideology as a mental clutch
typical of inheri-retards who never experience life outside from their simplified theoretical models called ideologies.

>>11851783
>because most children of rich people squander their wealth
Must be why the Rothschlids are now the poorest family on earth

>>11852358

>>11851745

You hate us cause you ain't us fag

>>11852358
>"Most children"
>Proceeds to point out the richest family in history

>>11851809
>i live in a country where inheritance tax can be above 100% (france)
LARP. Hilarant.

>>11852358
>takes the one family with a tendency for nepotism and world domination

>>11852395
They jate you because you're a nuisance. People unfit to have power over others, yet having the means to brute-force their idiocy.

>>11851809
well shit. I stand corrected.
thanks for the new insight.
eating the rich might be the only way then.

>>11852358
>Must be why the Rothschlids are now the poorest family on earth
FYI the kids don't get the chance to squander...its held in a trust...when one of them dies and leaves $350MM layin around this was the pocket change left over

>>11852440

I ain't paying you to speak peasant.

Come and take my wealth bitch.

>>11852565
Pic for next time....

>>11851772
Get out of here commietard

>>11851745
Inheritance taxes need to be 0% up to $1,000,000, and 100% past $1,000,000. If you can't live on a million dollars the rest of your life you are less than human. Problem solved, prove me wrong

>>11852758
These things called trusts...apparently you have never heard of them....

>>11851745
>How do we kill all inheri-retards?
the same way as any normal person. they don't have superpowers or anything like that

>>11852776
>don't have superpowers
Having wads of cash is a superpower.
That's the problem, they have a superpower they never worked for, so they wield it without respecting it.

>>11852832
bullets don't care how much money a target has

>>11851745
Inheritance is a natural right, tax on heritage is stealing the dead, it's the most disgusting form of taxation.

Besides if heirs really are retard they will just lose their money at one point, the truth though is that vast majority are not since smart people tend to have and raise smart children.

>>11852873
>just lose their money
>Let's not take that loaded rifle to this downie retard. He'll run out of ammo sooner or later, so it won't make a difference if we take him from it or not.

>>11852873
A dead guy has no need for money. Their children should learn how to make their own money and not rely on an inheritance

Asian countries should have 100% inheritance taxation. Western European countries should have 5%.

>>11852258
This, nothing worse than poor fag cope. notice any similarities of leftist commies that hate anyone whose become successful simply because of evil capitalism and that they are a white male? Well they are almost always a dishwasher at Denny’s in their late 20’s or a similar loser profession that barely makes enough money. I fucked a crazy leftist girl that claimed to hate Elon musk when I asked why she said it was because he was a greedy capitalist, when I pointed out he’s in 2 shitty industries (solar energy and space x) if he was purely about greed and money she didn’t have an answer besides “yea well he’s an evil businessman” guess what she did for a living? Waited tables at some shitty bar/diner.

>>11852901
>>11852901
>comparing someone using money foolishly with a mentally retarded individual carrying a loaded firearm
So this is the power of commie dialectic

Absolutely based Jackie Chan.

>>11852914
Agreed

>>11851745
Most people don’t receive inheritance until they’re already in their 60s, since their parents are most likely going to live to at least 80. If it wasn’t for the inheritance I’m going to get from my rich parents one day, I would have killed myself already.

>>11852945
You really think misuse of money isn't more devastating than a loaded rifle?
Retards, I swear...

>>11852565
You sound scared. Must be scary to know you have money, yet lack the intelligence to know how to keep it from replenishing. I feel bad for inheritards in a way really. They are like those retarded lottery winners.

>>11852914
A "dead guy" has the right to allocate the ressources he worked his whole life to acquire and which are his property. Vast majority of people will choose to give it to their genetic legacy in order to maximize its chances of success, perfectly natural instinct that does not give a flying fuck about your opinions.

Now you are free to try to take it from them but then they should have the right to shoot you like the entitled commie thief you are for trying.

Who cares what other people have?Their lives don't affect you. You can easily turn off your computer and go play video games or something and boom they don't exist anymore.

>>11853032
>maximize its chances of success
If you have to give your child money to succeed you
o) failed to raise it properly while you were still alive because you are a stupid, lazy sack of shit
o) gave birth to a genetic defect that has to be subsidized to live

>>11853075
Thanks commie for you’re retarted view on distribution. Stop projecting on what you hate when you can’t have it

>>11851745
Just wait for them to OD or some shit

>>11853117
Shame that you can't use reading comprehension because you suffer from some kind of genetic defect

>>11853075
what is the point of becoming rich if i cant give it to my children?

>>11853151
Not as defected as youre immense jealousy and butthurt Mouthbreather. Shame I’ll be able sleep at night not being a fag like you

>>11851745

The only people dumb enough to pay taxes are the middle class. The poor just don't pay and the rich won't pay. Furthermore the net benefit of taxation is to enable lazy leeches and give the rich more money.

By being "for taxation" or for "taxing the rich" the net effect is stealing more from the middle class FOR the elite. The elite will never allow you to vote their wealth away. The poor are used as a bludgeon against anyone in the middle class or the working rich who dares to complain as "rich" or "a capitalist."

How do you create an equal society? Start by abolishing the income tax and only implementing taxes in times of emergency. That would cause economic growth to skyrocket. Unfortunately that won't happen in the U.S. in the late stage empire, too many are dependent on middle class dupes paying their taxes.

>>11853181
create something bigger then yourself with the money

>>11853181
How about raising them properly so that they won't need money after you die.
Nah, that's not as glamorous as becoming rich.

>>11851745
>t. butthurt low IQ shitskin with ancestors too dumb to plan for the future

>>11853188

Furthermore of all the punitive taxes, the inheritance tax may be the worst one of all. It encourages someone to squander their money rather than save money to pass it down to their children. The inheritance tax also takes asset prices through the roof as rich people invest in houses (raising prices) so they won't be taxed as well as other assets.

>>11853203
Nice try Pajeet. India is inheri-retard central.

>>11851745
Humanity and Civilization was literally built upon the idea of leaving the world better than you found it for your children. In the grand scheme of things that means in improving the world as a whole and in the micro it means leaving them with everything you have built so that they can improve upon and use it to better themselves.

Any communist, socialist or other retard that thinks 100% inheritance tax is a good thing is delusional and stupid in a way I find staggering. I know they are marxist college kids with no plans on having children of their own so the idea of loving your child and wanting the best for them is a foreign idea because they are 40K in debt for their Art History degree and their parents didn't give them anything so they feeling a seething hatred for those parents that did give to their children. But you have to understand it is the reason that people build for the future.

Most people don't give a fuck about some vague sense of of a better future in the abstract. They care about THEIR CHILDREN. Its the same reason a lot of good parents throw away a lot of their ambitions and risk taking to provide a stable environment for their children. Even shitty people can care about their children enough to try to make their lives better and DO better for their sake.

You want to undermine the very foundation of civilization for no other reason than because it benefits you PERSONALLY and a seething hatred for those who were just lucky enough to be born to wealthy parents. You don't care about the future in any tangible way because it doesn't matter to you as you won't have children. Nobody is going to allow you to deny their children their birthright and if you tried they would kill you. Even the soviet union had inheritance because civilization cannot function at scale without it.

.

>>11851745
What you see is the auraboros moment of powerful families. Those families of wealth which have already seen its greatest members buried in the ground. Every time you see some idiot first born flexing on instagram what your seeing is the end of an era. The families will cut them out and keep the companies with stewards.

>>11852971

You think double taxing someone and using the money to import millions of illiterate rapefugees isn't a misuse of money?

>this thread
absolutely seething

maybe instead of getting jealous, you should go out and build something important so your kids can enjoy the good life, you communist pieces of shit.

>>11851745
Too late, Bitcoin exists

>>11853032
>>11853117
>>11853181
If you have to leave an inheritance for your children to succeed then you failed as a parent. They should be more than capable of building their own wealth without needing daddy's money.

Why kill them when you can profit off them?

>>11853370
Ya so parents should just burn their money instead of passing it on. Makes sense. The jealousy in this thread is ridiculous

>>11853370
Money is time, productivity, and property. They will inherit that, and you’ll still suck dicks as a jealous failure

>>11851783
>>11852358
The Vanderbilts are a great example of stupid kids wasting money, and to an extent the Washingtons and Rockefellers too. The Rothschilds are a great example of money management and good education, and to an extend the DuPonts too

>>11853389
Burn? You mean the estate tax?

Parents can leave some money for their children, but over a million and it should be taxed at 100%. If you can't make it with 1 million dollars then you literally are a failure.

>>11853370
This is literally pure jealously. You think you are better than they are and that they don't deserve the money they have because you are unable to accumulate such amounts but you are sure in your superiority.

Seek help.

>>11853296
>you should go out and build something important
Same to you, my handicapped friend. That's the point of this. You have the means, yet not the capacity because your cranium is hollowed out.
Yet you act like you're of any value.

Or we can use our inheritance to hire black water to kill all you commie fags

>>11853423
If I could only leave a million I would buy property and give it to them before I died like every rich family. If somehow they forced me to give it via inheritance I would just burn the money so you faggots couldn't get it.

>>11853370
and do what with the money? tax it to give to single mothers and niggers? what did single mothers and niggers do to deserve the money?

at least rich people give it to their own kin who are capable of running their businesses.

>>11853430
Commie DAO hit market when?

>>11853424
>Unable to accumulate such amounts
>Literally have to be handed inheritance money since you can't accumulate wealth on your own

>>11853443
It is based on nothing but jealousy. They are jealous narcissists who just want them to not have money as it grinds them and fills them with jealous.

>>11853489
>no arguments
Well, it seems you can't read, so it means that you're one of those damaged individuals.

I will tell you this from personal knowledge. There is nothing more terrifying to trust fund babies than imagining the loss of their wealth as they lay their heads for sleep at night. Deep down they know they are frauds and if they lose it all, they will NEVER make it back. Not a dollar of it.

Scumfucks of the Earth, these people. They usually grow up and turn into the enemies of mankind, but thankfully most times, they're too retarded for their own good and lose it all in a generation or two, since they have no idea what the value of money is.

Don't despair, ye poor fools. This idiot here will be in rags in less than 20 years. And, if you pray for SMINEM, you will be the ones with the solid gold Lambos. Invest wisely, bleed for your causes, and know when you're rich that you earned every cent of it with your own wisdom.

>>11853430
Oh, the poor little retard can't reply coherently so he threatens to kill everyone using the money he didn't earn.
Can one be more aligned to the stereotype? Don't think so.

>>11853506
What arguments have you provided other than feeling entitled the others money? People get to decide what to do with their money after they die. Society was built on this principle and it is how the world works.

You are jealous and think you are better than those born with a silver spoon. That isn't an argument it's a pathology for a mental disorder.

Imagine being arrogant enough to think you're entitled to decide what other people do with their resources

Poorfags are disgusting

>>11853527
go back to /leftypol/ communist

>>11853534
Jealousy of others money is a fast track to getting a lifetime supply of free Bullets in your skull

>>11853653
Imagine feeling pride in using money you didn't earn.

>>11853566
Oh, you're incapable of reading comprehension. Inheritards at their finest.

>>11853527
You can have an opinion about Estate Taxes when you have an Estate.

>>11853672
Die in a fire ideologue

>>11853706
Money =\= Compentence
But we know your incompeten and jealous. No cure to that

>>11853698
I've known scum like you before. You people feel so empty in real life, like there's nobody home. For good reason, too. You hide behind the vanity of your unmerited wealth because as a person, there's really nothing of value to admire.

You'll lose it all one day. When you do, you'll finally be able to seek out value in yourself as a human being.

>>11853767
>Money =\= Compentence
Meritocracy is to goal, I agree.

>>11853695
Money u didn't earn? What u stupid fucking nigger. Investment is earning it. Who else fuckong invest lmaooooooo


Kys subwhite commie

>>11853869
>using money you didn't earn to invest in stocks to earn money that you didn't have to work for

>>11853869
Someone call the tard wrangler! This one is having a spastic fit and is drooling all over the floor.

>>11853188
The only based and redpilled reply

>>11853821
>these levels of projection
fucking hell what caused these levels of butthurt?

>>11853695
It's always so funny because this mindset and belief system doesn't stand up to scrutiny as it's based on a very narrow set of circumstances. For example calling people inheritards for having an inheritance from their parents and trying to both shame them for having wealthy parents and claiming superiority because they did not gain the same amount of money from their parents.

It doesn't stand up of course because you inherited the language , traditions and wealth of your nation and station within that nation. You inherited access to a free education most of the planet doesn't have. You inherited the technology and ease of access to amenities and knowledge. You inherited thousands of things and jealously spite rich families just for inheriting more than you did.

You aren't self made. You had more opportunities than most of the planet and those were purely due to the circumstances of your birth. You don't spurn computers, math and language because they were inherited innovation and wealth from your nation despite it being more than the rest of the world. However you hate rich kids. Why? Because you are jealous of them. Not for some great reason or principle otherwise you wouldn't be using anything you inherited which includes your education and everything you own in one way or another.

We only got where we are because we kept improving things and leaving them for our children. Some people were better and left their children more of knowledge, wealth and infrastructure. So feel free to throw everything you own out and go live in the woods after braining yourself so you don't gain anything from your inheritance. But you won't because this is nothing but jealousy covered by a thin reasoning which doesn't stand up to scrutiny.

>>11853953
I've earned all my current wealth and fought hard to be where I am. This is just an observation of other people that are high on themselves over money they've never had to work for. They have an emptiness to them that you can feel at a distance.

>>11853653
This. Let people do what they want with the money they earned. If people who support inheritance tax love people who have earned their wealth so much, then they should let those very same people who earned their wealth do what they want that that wealth, and that includes leaving it to their children.

>>11853987
But why do you care so much about them?
If they really are so high on themselves and empty, then they will just end up wasting their money on stupid things and frivolities, and that money then gets redistributed back into the system, and the rich kid goes bankrupt.

You say you've fought hard to be where you are and earned all your current wealth. If you ever had children, would you rather that money goes towards them, and that if you die they get to keep your family house and your money, or would you rather that money goes to welfare leeches or single moms with nigger babies?

>>11853975
>leaving them for our children
In an non-literal manner. The hallmark of the better off civilizations was, and still is, thinking about the community at large more than people that simply share blood with you.

>changing the definition of inheritance
The things you mention as inheritance are all given because of very concrete, defensible reasons that take into account the entire community. Inheritance is just ... random.

You speak about arguments not having merits while not voicing them out. The surefire sign of a kneejerk, unthinking defensive reaction

>>11853953
This can only be projection if he has unmerited wealth. Even then, his assessment is apt.

>>11854069
You are literally just bullshitting now because you got called out on how stupid your arguments were and are now just resorting to rhetoric.

Better luck on the next thread and Happy Thanksgiving.

>>11851772
t.fagass

Are we that don't get our inheritance until our parents kick the bucket spared? I actually have to work for money, only difference is that I don't need to fear long-term for retirement

If unearned money ruins people why wouldn't it ruin the state?

>>11854061
If I had mass wealth and my kids didn't know how to wield it, I'd rather they not have it. They'd end up killing themselves with my fortune. It would have to go under someone else's control.

That's not to say I wouldn't try to teach them how to use it properly. If they didn't catch on, though, I'd have no choice but to deny them the money, lest they become scumbag inheritance babies.

>>11852914
More like why work for sheckelberg for 50 years if you can’t even pass it on to your offspring.

Inheritence is a good motivator for the goy.

I've seen siblings get into some harsh spats over inheritance money. The way they would talk about their parents behind their backs like that was sad.

Personally, I inherited some debt and a 70s car.

>>11851783

Based. Most rich kids have no ambition and blow it all on depreciating/perishable goods.

>>11854236
More like an excuse to not interact with your horrible family till you die.

>>11852029
How insecure are you that you care what I do?
Bitch poorfag make my pad thai right this time

>>11853032

Is funny how antifa commies advocate violence to further their ideology and then cry foul when the other side uses the same tactic against them.

>>11852258
Lol. Im not even salty about the rich. I would love to be wealthy. I just wish me and my poor neighbors had the same equality of opportunity as them. I’ve taken the pill and realized our world that claims to be a just, equal opportunity for all is just a facade for the same selfishness and power dichotomy thats existed for centuries.

We’re better off as humans than we were before complex capitalism and democracy. But the idea that all the problems are solved to the point that individual talent is the only thing that determines worth is not true.

Don’t hate poorfags they still can’t help it, shit is rigged

>>11853443
I'm a poor fag with no family, but even I'll burn everything I own before I die and it goes to single mothers and niggers.
Fucking commies.

>>11851783
My dad just finished that book and keep telling me to read it

>>11854324
You are mistaking metaphorical violence with real one. Common in people who never had to face it in real life.

>>11854252
how can you inherit debt? isnt that forbidden from like the roman empire?

Whole lotta seething poorfags in this thread.

>>11854416
Its very standard that debts get passed onto next of kin if the Debtor dies before debt was paid.

Sucks if your parents are retards desu.

>>11851772
>>11851745
leftist communist dumbfucks - KYSs

>>11854500
>anyone who does not agree with me is an leftist

The absolute state of /biz.

After the Dotcom bubble it took us almost 20 fucking years to get the next bubble (crypto).
Or am I wrong? Has there been something in between?

Also what could it be? Asteroid mining? Neuromarketing? Biotech?

I dont want to wait for the next ponzi for 20 fucking years, im a 31yo boomer for fuck's sakes....

Dunning-Krueger is in full effect in this thread.
Really sad business minded people acting like cannibals.

>>11851745

If you get rich, you can keep your kids from turning into tards by not giving them your money until you're dead. My grandfather was a millionaire and willed it to my mother who was 60 at the time of his death. I don't see any of that money until she dies, which probably won't happen until I'm 70. I think my dad has more money than he leads me to believe, too. Since I had to make my own way, I learned how to not be an idiot with money.

But I kind of want that money now so I can stop wagecucking.

>>11854562
Maybe solar energy bubble. But it was also a small one and didn’t really popped- more like considolated

>>11852342
You couldn't be further from the truth. I am poor AF and i will inherit nothing.

>>11854562
10 years. Btc came out in 2009. Dot com popped in january 2000

>>11854595
>Dunning-Krueger
Every person that used this term in discussion was unaware of the severe irony of them doing so.
Perhaps they're just unaware of being retards.

>>11854595
>acting like cannibals
>muh class war
fuck off waster

>>11854595
>business minded people
>on 4chan

It gets better and better.

>>11854598
Well you'll get the money if they're no longer living right. Seems like a simple solution.

How much do you love them?

>>11854562
Crypto isn't over yet

>>11852258
holy fuck you are retarded

its about not being given the same opportunities you mouth breathing sack of shit courtesy who your parents are

Just found out my uncle died. He left me a sizable inheritance. I'd rather not have the money and instead be able to talk shit about communists and 3rd world scum with him for another decade. Feels bad man.

>>11854598
This is exactly what I'm going to do. And after my death, the money will never go to any descendants, it'll be held in an iron-clad trust which only disperses a portion of the funds to family members after all expenses and reinvestments occur.

No one gets the money, they just get a small portion of the earnings.

>>11852914
You say the children should make their own money but you support taking their wealth so it's given to poor people. Why don't you tell the poor to make their own money? You're a hypocrite.

>>11851783
Do you realize that they make money by "squandering their wealth" on instagram now so it's basically a perpetual money making machine thanks to being rich and good looking and enjoying a fucking awesome life you cope about to not kill waggie ass self as your spend your prime years studycucking and waggiecucking it out, right?

>>11851824
most underrated post

>>11851992
Just wait until you find how bad we have it here in spain. Makes me want to kill myself.

>hehe these rich kids are so depressed! they will lose it all!

seriously kill your coping ass

>>11854334
>I just wish me and my poor neighbors had the same equality of opportunity as them

these families dedicated decades and decades of their lives, often across multiple generations, to build their wealth.
what did your tard family do in the same time? laze around and blow what little money they had on booze and cigarettes?

inheritance whining is just like any other kind of socialist envy: butthurt poorfags wanting in on the fruits of other peoples' labor.

>>11854334
It's how inheritancels cope, they think they are special. Life is all about luck, and I wish to be lucky, but im not lucky, so its fucking over.

The money I make gets raped by taxes to boot.

>>11854416
(((welcome)))

>>11851745
If my parents worked hard their whole lives and they want the best for me, their child, then why are they not entitled to help me out when they die by giving me their possessions?
Where, instead, do you think my parent's hard earned cash and assets should go, to be distributed amongst nigger who will squander it? Fuck you

>>11852946
jackie is pretty based but im sure hes going to send a few dollars his way on his deathbed

its more about scaring them straight, knowing the true value of earning a dollar and teaching them to be responsible

>>11851772
This. Only complete idiots would oppose something that would benefit 99% and slightly affect 1%.

>>11855391
Only a complete idiot would think that inheritance tax benefits the 99% and 'slightly affects' the 1%
See >>11851809 & >>11853188
The middle class are always the ones who end up footing the bill for these kinds of well-meaning but misguided policies. Rich people just send their money out of the county.

>>11855466
>we can't never stamp out murder
>we should never try

>>11855475

>we can stamp out murder
>lets ban guns instead of negros

>>11855487

I love this photo so much.

>>11855475
That is such a shitty analogy
btw, America's beloved 'war on terrorism' and 'war on drugs' has both increased the amount of terrorism and increased the drug's trade so I'm pretty sure the retards in the US government would end up increasing the murder rate

>>11855501
>would end up
>he thinks that murder isn't heavily penalized
peak detachment from reality

>>11855522
I don't understand what you are trying to argue?
Yes murder is heavily penalised. No, it doesn't stop there being roughly 14000-18000 murders every year.
The government is not some tool which can create a utopia.
A perfect society is impossible because humans are imperfect.

>>11855547
>perfect society impossible
just define status-quo as perfect.
problem?

>>11855547
So you're saying that inequity would come back even if we purged all the rich people?

>>11855501
Current laws against murder inflate murder rates?
Please confirm this statement.

>>11851745
>ban usury
>ban corporate personhood
>ban IP laws
This will force the rich to actually work in order to make more money for their money

>>11851772
The only thing that really needs to be taxed is real property and natural resources

This thread was moved to >>>/b/785538956