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Money and Finances
Reply to "Can I afford a 1.8M house?"
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[quote=Anonymous][quote=Anonymous]So what’s better for society? Wealthy person A donates $50M to establish a school for underrepresented minorities to learn STEM, internships, etc OR paying $50M in estate taxes. You can’t possibly imagine the government will be more efficient with those funds. I agree there should be some estate tax, but the problem with society isn’t the families with 10-100m, it’s the families with tens of billions of more. I would argue it’s more efficient for the government to incentivize charitable giving more than they currently do from a tax/estate plan. Congress is inept, thanks to Trump, its only gotten worse. [/quote] That's quite a tangent. Whether charitable giving is more efficient than the estate tax is not the issue here. The issue is whether sixeable estates estates should be able to be passed from parents to children without any taxes. And contrary to your suggestion, estates of $1-$10m *are sizeable. [/quote]
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