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Reply to "Generational Wealth"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm rather agnostic on the topic of raising inheritance taxes on the very rich. Yes, it's easy to look at the top 1% and think, my god, they have so much money. But then I look at the bottom 20 or 30% of society and wonder why they deserve the wealth transfer? Because many if not most don't. A lot of people at the bottom of society are leeches who never produce anything useful for society and just feed off the welfare state. In reality, inheritance tax is a red herring concept, a feel-good policy which never, ever, raises anywhere near the amount of revenue it theoretically promises as the wealthy find ways around it or simply stop producing more wealth. And the argument that it's a double tax, taxing incomes and wealth that has already been taxed at least once, is a valid one. And there's no question it involves class jealousy. If you really want to increase tax revenues on a significant scale to fund all your pet programs, you have to raise taxes across the middle classes. Not just the wealthy.[/quote] [/quote] Also agree that most who say "tax it again" are simply jealous of those who have that much. We got there thru hard work---years of long hours and lower paying jobs at smaller companies in the hopes that the options pan out. Eventually they did---but that doesn't happen for everyone. [/quote] Anytime I see someone whining about how they work hard and no fair! You’re just jealous! I feel like screaming STFU. And again with the “we”. Our family and children benefit from generational wealth and we didn’t lift a finger. Plenty of people work a lot harder than you can even imagine without a word of complaint because they are men who are able to provide for their families a house, food, clothing, activities, all the necessities. [/quote] I mean, I don’t necessarily agree with the whole “oh we’re men and we don’t complain cause we’re real men” part… BUT I agree with the point this PP makes about “working hard”. You really think you work SO much harder than a CNA wiping patients’ asses, working 16 hour shifts to be able to get a few hours counted as overtime? Or the customer service rep being berated and emotionally abused all day every day? The janitor cleaning up the messes kids make (sometimes on PURPOSE) at school? I mean jesus, if you make 1 million dollars a year compared to these other jobs that ARE REQUIRED FOR OUR SOCIETY and who even at the peak of their career—will not earn six figures. Who deal with all of this stuff at their jobs and then have to worry about affording childcare, praying there’s no emergency because after rent, insurances, food, gas, car payment—would not even be able to afford a medical COPAY much-less a 10-30% COINSURANCE bill at the emergency room.. well jeeze. You must be working 48 hour days 7 days a week as something like a test subject for new torture methods because I can’t think of literally anything else that would justify that much of a disparity income to the rest of us peons who only work 8-16 hours a day but make up the backbone of our society. Then here will come the “we made better choices”, “I vote for democrats who want to increase the safety net”, or “well blame your whoever you work for, for not taking care of you and being greedy!” 1. Sure,there are plenty who make bad choices. But quite literally a MAJORITY of the country is struggling and can not even afford an unexpected one time $500 emergency expense. 2. and 3. That’s nice, but you are literally either the business owner who is treating their employees awful, or the shareholder who expects greater and greater returns and increasing of profit and who actively lobbies congress (and in some cases literally help write the legislation) that helps people with wealth keep it concentrated and legally reduce tax burdens. Any increase of the social safety net to the levels we *should* have is going to require tax increases on the UMC and the UC, a long with the billionaires. Unless we want to lose the faith other countries have in the dollar and our status as a reverse currency. I’m not one of those “woke AOC rainbows and just tax the rich and it will work out” socialists or social justice warriors. I know it’s more complicated than that and I abhor identity politics… but there is SERIOUSLY something wrong with our country at the moment. And this is not the 20th century anymore where one can just be accused of communism for saying this kind of stuff and be discredited and destroyed. More and more people are unhappy and aren’t wanting to take it anymore. Trump should be evidence of that honestly, I don’t know how much more a figurative middle finger one can give to the establishment and elite than voting him in. Well, actually I do… if things don’t change I can guarantee you the next populist won’t be so easily swayed to help his fellow members of the UC. And they will actually end up being competent.[/quote] Can't be bothered to read most of your angry rant but irony is that the working class populists are following Turnip. Not AOC. Tells you all. [/quote]
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