Return_of_Chippy@lemmy.world to Lemmy Shitpost@lemmy.world · 4 days agoWhy does China have so many multi billionaires if they are aiming to be a communist country?lemmy.worldimagemessage-square282linkfedilinkarrow-up1768arrow-down138
arrow-up1730arrow-down1imageWhy does China have so many multi billionaires if they are aiming to be a communist country?lemmy.worldReturn_of_Chippy@lemmy.world to Lemmy Shitpost@lemmy.world · 4 days agomessage-square282linkfedilink
minus-squarenitroemdashlinkfedilinkarrow-up3arrow-down1·2 days agoSo you cannot inherit a 1.1M house or artwork? No one would be able to own property in New-York? Also one needs to account for inflation. In 100 years 1000’000 would be equivalent of what is now 20’000.
minus-squarePuddinghelmet@lemmy.worldlinkfedilinkarrow-up2·1 day agoInheritance should be taxed if you really want equal chances lol but ig you dont want equal chances, one person can inherit millions the other inherits nothing, yeah thats fair /s
So you cannot inherit a 1.1M house or artwork? No one would be able to own property in New-York?
Also one needs to account for inflation. In 100 years 1000’000 would be equivalent of what is now 20’000.
Inheritance should be taxed if you really want equal chances lol but ig you dont want equal chances, one person can inherit millions the other inherits nothing, yeah thats fair /s