Should all wealth and possessions be claimed by the state when you die?

Yeah that probably isn't the example you want to use. 1930s-40s Germany isn't an economical model we want to be following.

Not if you are told by the government you haven't earned it.

Nah I disagree. If the state suddenly had the power to determine our economic interests our wealth wouldn't change that much.

Yep.

Milton kindly explains for us why this is a silly idea:

how does a state determine our economic interests? it can make it so our economic interests are made impossible by laws and taxes but how do they change our economic interests?

Nah I disagree. If the state suddenly had the power to determine our economic interests our wealth wouldn't change that much.

I disagree if you look at the economic graphs the increase in wealth and productivity during this period is staggering.

If the state develops education which is better than private education then our economic interest in private education disappears.

You might want to study some history. This boom came due to preparation for war and the oppression of large segments of society- it was entirely artificial and was followed by a massive crash.

no I mean how does this relate to states like north korea? how did north korea become so much poorer than south korea if not for trying to control people economically opposed to people controlling themselves?

I don't get it he is saying it is bad to spend money on living a better life?

Either you know nothing about world history of the past couple of centuries, or you are being ridiculously naive, or just trolling.

No. He is saying in essence that if you take everyone's wealth away from them when they die (a) you destroy incentives for people to gain wealth, because older people work to a large degree for their families, and (b) you encourage people to binge consume any wealth they do have before they die (because otherwise the money will revert to the state), which means no-one invests in anything long term because there's no point; and if no-one invests in anything, nothing gets built or done.

Because South Korea has more friends.

I have a masters degree in economics.

I have a masters degree in economics.

...and you're in the "student room" becaaause...?

Well Milton Friedman has (had) a Nobel Prize.

Your move.

1) how would that be relevant?
2) north korea at least HAD a lot of friends, yet in that period of time there was still a huge difference between north and south korea, as well as west and east germany.

I am doing research into the economic illiteracy of students.