Would a Universal Inheritance Improve American Lives?

Newsmax ^

[DIRTYSECRET]

If people have property when they die, who should inherit it? You can't take it with you.

Increased inequality reduces government's concern for the general welfare.

The public owns all natural resources in common and no one deserves more than an equal share of their fruits. The Alaskan oil dividend could be a model here.

Inheritance reform would not eliminate billionaires; it would only eliminate hereditary billionaires.

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TOPICS: Chit/Chat
KEYWORDS: communism; newsmacks; paulfdelespinasse; redistribution

[DIRTYSECRET]

Interesting-Newsmax is conservative. As inequality NATURALLY increases over time the resentment will grow exponentially, making life dangerous for the haves.

So how do you keep the have-nots engaged?

[dfwgator]

Not sure I am totally on-board with the idea. But I do think we’ve got way too many “Idle Rich” in this country, who have no appreciation as to how wealth is created. I don’t know how to fix that though, without the cure being worse than the disease.

[9YearLurker]

So the billionaires set their affairs up with trusts and the like.

Now what?

[DIRTYSECRET]

**If four trillion dollars will be inherited annually, dividing it equally among all U.S. residents would distribute $11,760 per person or $47,000 annually for a family of four.**

Alaskan oil. How do yo get the companies to drill if the people don’t get the ‘share’ of the dividend? Should a farmer be the people’s sharecroppers?

Give me the $11.6k annually and I’ll quit work. So will a lot of others. What if AI takes care of all of us and we don’t need to work?

[Leaning Right]

> If people have property when they die, who should inherit it? <

The folks who are mentioned in their will.
(That was easy.)

As a side note, I tried to read the whole article. Maybe I’m missing something, but under all the fancy arguments it seemed kinda commie to me.

[j.havenfarm]

Well I don’t know. What I do know is that this grand redistributionist scheme isn’t it. I can’t find much about this joker online. He got his PhD in 1966 making him at least 83 and he has spent his career spouting and teaching anti capitalist crap. What is clear is that he’s some old commie. What I find interesting is that Newsmax would platform this old crank

[DIRTYSECRET]

**Deceased persons’ property was not created by those remaining alive. Those inheriting vast amounts now also have not earned it.**...true

**Making everybody heirs of everyone could create new problems or intensify old ones.** think how sausage is made.

**Billionaires might threaten to leave the country.**...think Calif.

**We might need to require a few years of residence before immigrants can inherit.**...8 billion people would jump on it.

[bk1000]

“So how do you keep the have-nots engaged?”

Traditionally it’s been bread and circuses.

[Mariner]

So, when the owner of a 640 acre family farm...owned for over 100 years...when he passes he cannot leave it to his kids?

It becomes the property of the collective?

That’s just communism implemented slowly.

[PeterPrinciple]

The Year of Jubilee was a biblical fiftieth year of liberation, debt forgiveness, and land restoration, observed every 50 years following seven cycles of seven years.

Definition and Timing

The Year of Jubilee, described in Leviticus 25:1-13, occurred every fiftieth year after seven cycles of seven years (49 years) had passed. It was announced by the blowing of a ram’s horn on the Day of Atonement, signaling a year dedicated to rest, restoration, and celebration. The number 50 symbolized a culmination of the seven-year Sabbath cycles, emphasizing rest and renewal for both people and land.

Christianity

Key Observances and Practices

During the Jubilee year:

Debts were forgiven, allowing individuals to start anew.

Slaves and indentured servants were released, restoring personal freedom.

Property returned to original owners, ensuring equitable land distribution.

Agricultural work ceased, giving the land a sabbatical rest similar to the weekly Sabbath.

This year was a time of social and economic reset, promoting justice, mercy, and reliance on God’s provision.

Historical and Religious Context

The Jubilee was specifically applicable when the Israelites lived in the Land of Israel according to their tribal allotments. After the destruction of the Kingdom of Israel in 722 BCE, the full observance of Jubilee ceased, though the concept remains significant in Jewish and Christian thought. In the New Testament, Jesus referenced the Jubilee in Luke 4:18-19, proclaiming the “acceptable year of the Lord,” symbolizing spiritual liberation and redemption.
Wikipedia

Symbolic Significance

Beyond its practical applications, the Jubilee represents:
Rest and renewal for both people and land.
Forgiveness and freedom, reflecting God’s mercy.
A foreshadowing of spiritual redemption, connecting Old Testament law to New Testament themes of salvation through Christ.

The Year of Jubilee thus served as a profound expression of God’s justice, mercy, and provision, combining social, economic, and spiritual restoration in a single observance.

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from the net. God set it up, but we never followed it.

Historically, I think God implemented it even though we didn’t want it.

But......................I would rather have God do it than man/government.

[Mariner]

It’s clearly communism.

[Fido969]

But I do think we’ve got way too many “Idle Rich” in this country, who have no appreciation as to how wealth is created

I am a little uncomfortable with wealth dynasties that seem more like a royal family, and the heirs enjoy a life of comfort merely by being born into it.

Seeing sone of these trust fund babies, many who are spoiled and useless, I think the best inheritance that someone can leave their children is a work ethic.

[Myrddin]

This crap concept is being floated again. Communism. The belief that the government is entitled to seize all of your property when you take your last breath. It is WRONG. The communists in government want to take it. They claim to want to distribute your wealth to the proletariat for their benefit. Anyone with two brain cells will put their property into a trust that never has a last breath. A trust the government can't confiscate for the "benefit" of the proletariat. It is not the property of the government. It is private property. Wealth accrued from the labor of a lifetime.

[PeterPrinciple]

So how do you keep the have-nots engaged?

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socialism where the lower class are all equal in results.

[dfwgator]

Seeing sone of these trust fund babies, many who are spoiled and useless, I think the best inheritance that someone can leave their children is a work ethic.

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That’s where groups like Black Lives Matter, Inc. get most of their money, from guilt-ridden white trust fund kids.

[Political Junkie Too]

Is this "it takes a village" or "the village takes it" when you die?

-PJ

[Vermont Lt]

How ‘bout No! Ok?

[Dr. Sivana]

we’ve got way too many “Idle Rich” in this country, who have no appreciation as to how wealth is created.

It takes a couple of generations, but as long as the economy does not turn despotic, it is usually self-correcting.

[escapefromboston]

If the government is worried about the wealth gap they should go back to a sound financial policy and ending globalism which puts more money into fewer and fewer hands.

[dfwgator]

If the government is worried about the wealth gap they should go back to a sound financial policy and ending globalism which puts more money into fewer and fewer hands.

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+1