<story><title>The Landlord&apos;s Game</title><url>https://en.wikipedia.org/wiki/The_Landlord%27s_Game</url></story><parent_chain><item><author>midasuni</author><text>Yes Smith was great. Why is inheritance moral? One person gets something for free, the other works and has to pay tax?</text></item><item><author>anonporridge</author><text>Adam Smith also wanted inheritance mostly abolished except for the small amount necessary to continue supporting a man&amp;#x27;s wife and young children.</text></item><item><author>LambdaComplex</author><text>Even Adam Smith complained about landlords though.</text></item><item><author>nwah1</author><text>Fascintating piece of history. The inspiration behind the game Monopoly was an attempt to educate people on the immoral nature of the current landownership paradigm. But interestingly, it is based on the same original classical liberal arguments that spawned free market philosophy.</text></item></parent_chain><comment><author>OscarCunningham</author><text>Someone&amp;#x27;s working in both cases. In the case of inheritance it&amp;#x27;s the person who gave the money in their will. That person also already paid tax when they earned the money in the first place.&lt;p&gt;If anything I think we should encourage rich people to give their money away (even if only to their children) since wealth consumed by a broader number of people leads to more happiness than if it&amp;#x27;s all consumed by one person. It&amp;#x27;s better for a $10 million fortune to be spent by 10 consecutive generations than for it to all be spent by the original owner.</text></comment>
<story><title>The Landlord&apos;s Game</title><url>https://en.wikipedia.org/wiki/The_Landlord%27s_Game</url></story><parent_chain><item><author>midasuni</author><text>Yes Smith was great. Why is inheritance moral? One person gets something for free, the other works and has to pay tax?</text></item><item><author>anonporridge</author><text>Adam Smith also wanted inheritance mostly abolished except for the small amount necessary to continue supporting a man&amp;#x27;s wife and young children.</text></item><item><author>LambdaComplex</author><text>Even Adam Smith complained about landlords though.</text></item><item><author>nwah1</author><text>Fascintating piece of history. The inspiration behind the game Monopoly was an attempt to educate people on the immoral nature of the current landownership paradigm. But interestingly, it is based on the same original classical liberal arguments that spawned free market philosophy.</text></item></parent_chain><comment><author>jusssi</author><text>Many places in the world you pay a tax for inheritance.&lt;p&gt;For 100% (or otherwise significant) inheritance tax, the issue is how to implement it. If you know it&amp;#x27;s happening, you&amp;#x27;ll just gift what you own to the preferred recipients before you die. If gifts are also 100% taxed, you sell your property to them (and then spring up a company and hire them to do &amp;quot;work&amp;quot;, so they get the money back). If sale of property and work are 100% taxed, well, it&amp;#x27;s a very different kind of economy.&lt;p&gt;100% inheritance tax only hurts when someone dies unexpectedly. Others will be prepared with workarounds.&lt;p&gt;Where I live, both inheritance and gifts are taxed with very similar rates. Also, selling things under their market value is considered gifting (which sometimes gets interesting, for obvious reasons).</text></comment>