Let's gooooooo.

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m-p{3}

Only if the wealth is redistributed to the masses though.

Zagorath

Yeah exactly. Normal inheritance means their kids or spouse inherit, and the number of billionaires remains the same.

Don Escobar

Fun fact, if I were to inherit the wealth of a billionaire family member who was shot in public I’d get philanthropic real fast!

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So many heirs tho...

What do we do if their heirs just inherit it?

Anakin Skywalker time?

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Good point, even though the numbers don't check out.

There were 69 children killed this year. 813 billionaires in the US. It would take almost 12 years.

RQG

Many people say this. However of those who talk the talk, barely any ever walk the walk.

However I think if you are born an heir to a billionaire, you'd lack the perspective which might foster selfless philanthropy.

I'd like to think that if someone from the working class would randomly get such money they would. But it still seems unlikely.

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self preservation isn't a selfless motive, but if it results in philanthropy then that's a win.

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Where did you get that number? John Hopkins is reporting 48,204 gun deaths for people aged 0-17

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If we're waving magic wands around, change the tax laws to limit how much you can inherit.

Changing the step up basis thing is actually pretty low hanging fruit.

Step-Up in Basis: Definition, How It Works for Inherited Property

Step-up in basis is the exemption from capital gains taxes for assets held until death.

Investopedia (www.investopedia.com)

Buy, Borrow, Die: How the Rich Avoid Taxes

Paying interest is less expensive than paying taxes, and the rich have found ways to borrow against their assets to avoid capital gains taxes.

(smartasset.com)

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Unfortunately billionaires rarely try to educate themselves about the world at all, let alone gather together in a single cramped room to be educated. Still, it's a nice idea.

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I mean, if we could easily change laws, we wouldn't need to murder a bunch of rich people, just seize any assets that exceed a certain limit (a wealth cap essentially) and call it a day. No bloodshed. Frankly, I'm not a fan of violence if there is a peaceful path.

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I was thinking about this the other day. If I had half a trillion dollars (like the guy who just bought the presidency) I would spend it building a city from scratch. A walkable/bikeable city with free public transportation. I don't have enough expertise to speak about affordable housing ideas, but with that amount of money I can pay someone to come up with some good regulations. Don't know why but that'd be my passion project.

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but if not, and they have two or more children ic tje amount gets split between them. Then you handlo those, and their children etc. It's financial homeopathy

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“There were 2,526 gun deaths in 2022 among 1- to 17-year-olds, averaging to nearly 7 per day.”

48,204 is total gun deaths.

This are both horrific figures and in no way am I intending to diminish either.

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In numbers: 2024 US school shootings second-highest since 1966

A school shooting in Wisconsin was the 323rd in the US this year. Here's what the data tells us about the shooters, the victims and which states are worst-hit.

(www.abc.net.au)

My mistake, I was only looking at the school shootings.

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The Adjusters go brrrrrrrrrrrrrrrr

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I would assume most of Elon Musk’s kids are not a fan of Billionaires.

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I noticed that finding a statistical breakdown is really difficult, so I went with a source I knew was reliable and still gave a number. Thank you for finding something more specific.

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I feel like that depends too. There's a ton of working class that dream of somehow becoming billionaires which is why they don't want to tax them.