Spanish activists vandalize superyacht in Ibiza believed to belong to billionaire Walmart heiress
Spanish activists vandalize superyacht in Ibiza believed to belong to billionaire Walmart heiress
By Mitchell McCluskey, CNN (CNN) — Spanish environmental activists spray-painted a superyacht moored in Ibiza on Sunday. Activists from the environmental group Futuro Vegetal posted a video showing them standing in front of the superyacht named Kaos, holding a banner that says: “You Consume Others S...
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Keep up the good fight!!
Superyachts are an insult.
Even more insulting is that this person is an "heir" to the money. Fuck them. Inheritance tax should be very, very high.
The only single argument I ever once heard against the inheritance tax being really high that I thought was worth anything: in theory if all your wealth was tied up in hard assets that can't be easily divided up you could inherit a debt. The example was a farm. Which even then it is a fixable problem for that one edge case, just make it so if it is a farm you can spread payments out instead of all at once.
Ultimately, while they deserve it, high inheritance taxes on the Petite Bourgeoisie are not the goal; it's very high inheritance taxes on the super-rich. If a man with a billion dollars dies, 950 million (if not more) should go to the government.
Only an idiot would argue for a flat tax. So that’s not an issue here.
I think low/no inheritance tax on the first X (50 mil for example) amount of assets/money, then the rest goes to gov is what he's saying.
It would phase out billionaires in a naturalish fashion if executed correctly.