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#inheritance

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Bakunin and the Abolition of Inheritance: A Revolutionary Proposal

Bakunin at the Basel Congress (1869): abolish inheritance! “The most effective weapon of propaganda” against inequalityA radical vision: transform property without violenceSupported at the congress, opposed by MarxA call to rethink inheritance today?#Bakunin #Inheritance #SocialEquality #History At the 1869 Basel Congress of the International, Mikhail Bakunin advocated for a radical measure: the…

homohortus31.wordpress.com/202

Homo Hortus · Bakunin and the Abolition of Inheritance: A Revolutionary ProposalBakunin at the Basel Congress (1869): abolish inheritance! “The most effective weapon of propaganda” against inequalityA radical vision: transform property without violenceSupported at the congress…

Help:
Scenario: 4 siblings, 1 elderly parent. All siblings are covered in the parent's will. The parent has few assets main one being their house.
One of the siblings has proposed they and the parent sell their houses and pool their funds to buy a new property where they can both live - ostensibly so the one sibling can care for the parent into old age.
But this effectively strips the other siblings from their inheritance.

Can this be challenged legally?

Spotted today in my company's codebase. Chicken or egg dilemma in just a few lines of code.

```
class DerivedFoo; // Let's start with forward declaring a derived class, eh, why not? ndlr: Foo's not declared yet.

class FooInterface {
...
DerivedFoo * derivedFoo(uint idx) { return m_dfoos[i]; }
...
std::vector<DerivedFoo*> m_dfoos; // And let's add a member within an interface class, because why not?
};
```

Seriously. Who does that?

"Under capitalism, a son can inherit his father’s business (or enough of his father’s money to start a new business) like a king inheriting his throne. Someone born into worse circumstances might be able to claw their way up the class structure to become a business owner themselves, but it will be far harder for them than for someone with a large inheritance. It’s true that the second person isn’t as disadvantaged as a serf or a slave who has no possible social mobility. But they and the child of the capitalist certainly don’t have equal access to that advantage.

Even if we do take for granted that social mobility for the children of the working class is always possible — which, frankly, we shouldn’t — there’s still the question of which people rise up through the ranks. Many of the most promising ladders leading out of the working class are linked to higher education and credentialing. But academic abilities, like physical abilities, are unevenly distributed throughout the population.

A society where the only way to achieve a middle-class lifestyle was to win a place in a warrior caste through trial by combat would be unfair to people who are physically smaller or weaker through no fault of their own. Similarly, it’s unjust if the few escape routes out of the working class tend to be tied to unevenly distributed academic aptitudes.

All else being equal, we should be trying to root out inequalities that are a matter of luck — whether luck in which family you’re born into or luck in which innate talents you start out with.

The point isn’t that we can achieve perfect luck-egalitarian justice. Trade-offs between competing values are real. But we can take luck-egalitarianism as our North Star as we struggle for a more equal society. And once we’ve oriented ourselves in that direction, we should be able to see how abysmal our starting point is under capitalism."

jacobin.com/2025/08/luck-capit

jacobin.comLuck Shouldn’t Determine Our FatesSocialists accept that some degree of inequality may be inevitable in a complex society. But there’s one kind of inequality that’s intolerable: the kind where resources are allocated according to factors that individuals can’t control.

Billionaires

Photo taken at Occupy Tucson in 2011

Hatred of Billionaires is very popular right now. This is understandable, given the recent actions of people like Elon Musk, Jeff Bezos, Peter Thiel, and Mark Zuckerberg. I won’t even name the Tangerine in Chief, because his billionaire status is in question.

There are tens of thousands of young women across the country swooning over Luigi Mangione, simply because he is mildly handsome and murdered a CEO in cold blood. Equal numbers of young men see him as a hero (and possibly a love interest).

Eat The Rich is seen at every rally for every cause. We used to see Save The Whales. Not any more. I see guillotine earrings on a regular basis, and the French Revolution is a de rigueur mention in online conversations about politics.

What I am about to say will not be popular.

I have no problem with billionaires, per se. If you can amass that kind of money without breaking the law, good on you. I have a problem with people using illegal, unethical, or deliberately cruel and exploitative means to get that money, but if you have an idea, or invest wisely in an idea, and work legally within the market to build that kind of wealth, you deserve it. Even Elon Musk.

My problem is with generational wealth. There should be a limit on how much a billionaire can pass down to his heirs. It can be generous, maybe a million apiece, maybe five million. The family home, and some physical possessions is fine. Even a college fund for the grandkids.

Beyond that, however, every cent, all properties, and all corporate ownership need to be divided among the workers, past and present, who made the billionaire that money. This needs to be done, not based upon strata in the corporation(s), but based on hours worked. The lowly janitor who cleaned offices and toilets for 20 years should get exactly as much as the 40 year old nephew of the CEO who sat in a corner office. Any board of directors can stay in place to run day-to-day affairs, subject to removal and replacement by the new owners.

I’m sure it wouldn’t be long before ownership of the corporation itself consolidated into a few hands, maybe one owner, as those who weren’t interested in running a business cashed out, but the wealth would have been redistributed fairly and not simply handed to someone like the clown who is currently refitting an airliner with gold trim and building himself a gilded ballroom at our expense.

As I said in a comment today, I have no problem with billionaires, per se. If you can amass that kind of money without breaking the law, good on you. My problem is with generational wealth. There should be a limit on how much a billionaire can pass down to his heirs. It can be generous, maybe a million apiece, but every other cent, and all corporate ownership needs to be divided among the workers, past and present, who made the billionaire that money. #economics #inheritance #billionaires

The median US household income is $81k. At a conservative 4% return you can earn that on $2M. Therefore, inheritance tax should start at $2M and rise steeply (21%, per $2M, imo) for every multiple of $81k you earn. You're already inheriting enough to live better than the median household while doing zero work, and if your parents want to transfer more wealth to you then they need to work towards raising the median income instead of hoarding assets. #incometax #inheritance #economics #uspol

During a basketball class I went to ask him which hand was my left hand so I could follow the coach’s instructions. He slapped me in front of everyone and told me “that’s your left hand” then glared at me like I was an idiot.
medium.com/prismnpen/the-inher

Prism & Pen · The Inheritance and Other Carnivores: An Arab Gay Man and His FatherBy Intesar Toufic