ilmscore | What happens to money when rich people die?

What happens to money when rich people die?

Published: 2024-07-01
Status: Analyzed

Predictions from this Video

Total: 2
Correct: 0
Incorrect: 0
Pending: 2
Prediction
Topic
Status
Children in the new generation who are told they will inherit wealth are predicted to lack motivation to achieve success independently.
"the problem is there's going to be too many kids growing up now in this new generation that going to inherit stuff and don't start telling them that when they're young because then they're never going to want to really maybe try to get ahead"
Generational Wealth / Work Ethic
Pending
The current $13 million estate tax exemption (per individual) is predicted to be eliminated by the Biden administration, leading to higher inheritance taxes.
"which by the way could go away so if you don't plan on using it now you might might lose it Biden was talking about makeing it go away they want to collect tax on everything baby they want it all"
Inheritance Tax Exemption
Pending