Only if the wealth is redistributed to the masses though.
this post was submitted on 30 Dec 2024
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Yeah exactly. Normal inheritance means their kids or spouse inherit, and the number of billionaires remains the same.
Fun fact, if I were to inherit the wealth of a billionaire family member who was shot in public I’d get philanthropic real fast!
One small problem:
Billionaires are not closed in together in a poorly secured room, thus you will need a lot more effort to just shoot down one of them.
My OCD wonders if they factored in having to assassinate the heirs of the CEOs who immediately become billionaires, recursively until every fortune has been divvied up so many ways nobody has a billion anymore. Cuz that would be necessary if you really want to "run out" of billionaires, and would also mean you advocate executing children for inheriting a lot of money. This does require thinking beyond the simple meme, but go ahead - you can do it!
That would involve people actually doing something rather than waiting for someone else.
And even then you guys would fall into conspiracy theories because you can't believe someone actually did something.
Everyone is doing something. Working, going to school, living their lives. Even people who have no job, who walk the streets, are doing something: surviving.
Most people’s survival instincts prevent them from taking drastic measures like this, even when things are really bad. Think of how many people who had every incentive to take a shot at Hitler but did not, despite all the horrors of the Nazi regime.
So many heirs tho...
What do we do if their heirs just inherit it?
Anakin Skywalker time? 🤔
If we're waving magic wands around, change the tax laws to limit how much you can inherit.
Changing the step up basis thing is actually pretty low hanging fruit.
https://www.investopedia.com/terms/s/stepupinbasis.asp
https://smartasset.com/investing/buy-borrow-die-how-the-rich-avoid-taxes
I mean, if we could easily change laws, we wouldn't need to murder a bunch of rich people, just seize any assets that exceed a certain limit (a wealth cap essentially) and call it a day. No bloodshed. Frankly, I'm not a fan of violence if there is a peaceful path.