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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]People whose parents were prudent with money dont “deserve” it but their parents deserve to pass on what they earned and saved and planned for their kids. [/quote] No they don't. Society helped those parents make what they made. In many cases, those parents got a big head start from their own inheritance – they didn't do it alone. And even if they started from absolute zero, they built a business using roads that society paid for, with workers that society educated, in a peaceful and rule-of-law based society that government agencies and police departments created. Those parents benefited from society and they should pay back to society. Take what they earned and tax it, and make an equal playing field for more kids. No silver spoons for lazy, rich, entitled offspring.[/quote] And they paid taxes on everything every step of the way. Probably paid more in taxes than their dummer, lazier, less lucky etc, etc, etc counterparts. Those roads they used, on a relative basis, they probably paid for more of them. If they were successful, it’s idiotic to assume they used any government services for free. In fact, it’s the lumps who pay low taxes and create little value who should get punished. In my book, you create x number of jobs, pay x amount of taxes etc and you should be off the hook entirely for any estate taxes (which remember, are a tax on already taxed assets). Take out teachers, first responders, military and some healthcare/doctors and then publish everyone else’s overall contributions in taxes, charity, jobs created, etc and tout the successful and scorn the drips. And I am a youngish person with NO hope of receiving any resources via inheritance. [/quote] LOL that the wealthy are all "job creators." Plenty live on passive investment income. If anything, middle-class people who spend a larger percentage of their income create more jobs, because jobs come from market demand. Rich people sit on far more of their money. Also LOL that they "paid taxes on everything." Rich people cheat more on their taxes -- the Treasury Department just released a report showing that the top one percent fail to report 20-25 percent of their annual income. And even if they report it, cap gains are still treated more favorably than income that the taxpayer actually worked for. And it's really strange that you think people being less lucky (or disabled, or less intelligent) should be punished and scorned, but you seem to have a very narrow view of success. Society requires a lot of people doing a lot of different jobs, and there's no shame in any kind of honest work. You might scorn your parents and think they are drips because they didn't make enough to leave you an inheritance, but we don't all think that way. And while someone may have earned enough money to leave an inheritance, their kids didn't. They aren't creating jobs or building value. They are just spending money someone else made. I want a confiscatory estate tax on estates over a couple million dollars. It's not good for society overall to create a class based on generational wealth. Passing down a home or something is fine. But even if I could leave my kid millions of dollars, I don't think I would be leaving her a good world to live in. [/quote] NP. A lot of people save for "unknowns" - kids' college, food, a roof, healthcare, and elder care in retirement. If everyone got free college, pensions (at least 50%) and free healthcare, they wouldn't save as much as they do. I know I would have spent a lot more money on vacations, new cars and upgraded my home if I didn't have to set aside money for those buckets. In return, I'd willingly pay a lot more taxes and a lower salary. I don't think that's what I'm getting in the "new world" the dems are promising. It will be more taxes with no returns.. Take from the middle class to pay the lazy and new fence-jumpers so they increase their vote banks can stay in power. Not gonna happen. I'm a lifelong democrat, but for once am real glad that they don't have full control of the Senate and likely will never control the Supreme Court. Remember, Biden won ONLY because a lot of people hated Trump. Let's not mess it up by going overboard. [/quote]
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