Can we talk about parents buying their adult children luxury homes

[Anonymous]

Anonymous wrote:

Anonymous wrote:Tax the shit out of it. This is what privilege is.

I disagree with this. A lot of these parents worked, scrimped, and saved to get there. They didn't not spend money on crazy things - they saved and bought homes, they ate out once a month, they didn't do lavish things with their kids. Now they have money and lots of it. Their sacrifices and hard work gave them that money. Now, you see those who have astounding higher education debt, taking jobs (or not) that have easy hours, taking lavish vacations, and spending money eating out all the time pissed at others having wealth that obtained it through sacrifice. They want to tax their capital gains and inheritances. It is petty.

We worked and scrimped and saved to get our assets. Came from nothing and are searching for that mythical generational wealth that supposedly plopped down. So we both went to high school and college and there was no institutional or systematic denial or lack of access at that time for any group based on race. In fact persons of all races have created privilege for their adult DC's.

Major changes in step up and capital gains impact all races unless the administration has racial based tax codes. Is that possible? Who knows? It was written in farm aid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Tax the shit out of it. This is what privilege is.

I disagree with this. A lot of these parents worked, scrimped, and saved to get there. They didn't not spend money on crazy things - they saved and bought homes, they ate out once a month, they didn't do lavish things with their kids. Now they have money and lots of it. Their sacrifices and hard work gave them that money. Now, you see those who have astounding higher education debt, taking jobs (or not) that have easy hours, taking lavish vacations, and spending money eating out all the time pissed at others having wealth that obtained it through sacrifice. They want to tax their capital gains and inheritances. It is petty.

We worked and scrimped and saved to get our assets. Came from nothing and are searching for that mythical generational wealth that supposedly plopped down. So we both went to high school and college and there was no institutional or systematic denial or lack of access at that time for any group based on race. In fact persons of all races have created privilege for their adult DC's.

Major changes in step up and capital gains impact all races unless the administration has racial based tax codes. Is that possible? Who knows? It was written in farm aid.

Farm aid is meant to rectify the fact that the Trump administration and the department of agriculture historically discriminated against Black farmers. This is a FACT. Y’all get so mad when the government actually tries to work for everyone.