Tax the rich!!!

[Kidlicious]

Originally posted by Imran Siddiqui
Not having savings but being able to have a car and a place to live and food is not poverty in my book. I don't think everyone who has to pay off their college loans is in a state of poverty.

Any financial analyst will tell you that you need 6 months salary in savings.

[Imran Siddiqui]

That's nice, but not having it doesn't make you poor.

[KrazyHorse]

Originally posted by Dauphin
KH, you would turn a $1million house down on account of a $300,000 tax bill that has to be paid fairly promptly?

So stop complaining about a net benefit.

[KrazyHorse]

Imran

You still haven't responded to my suggestion.

[Dauphin]

You don't see the benefit until its sold, and you shouldn't be taxed until you see the benefit.

[Kidlicious]

Originally posted by Velociryx
Simply saying 'adequate level of consumption,' however, is a non-answer.

-=Vel=-

We seem to somewhat agree what an adequate level is so maybe it's not such a bad answer.

[KrazyHorse]

And what if you live in the house for thirty years, letting it run into disrepair?

Why shouldn't you be taxed at the acquisition value instead of the value at sale?

The case becomes even stronger for things other than real estate (which is hard to devalue).

[Imran Siddiqui]

You still haven't responded to my suggestion.

Oh, well I dismissed it as a fantasy of a dejected socialist .

[Kidlicious]

Originally posted by Imran Siddiqui
That's nice, but not having it doesn't make you poor.

No. There are lot's of well off people who don't have it.

[KrazyHorse]

If you want to move into a 1 million dollar home but don't want to pay 300 000$ for it then too bad.

Anyway, isn't that what banks were invented for?

[KrazyHorse]

Originally posted by Imran Siddiqui

You still haven't responded to my suggestion.

Oh, well I dismissed it as a fantasy of a dejected socialist .

I was trying to throw in a sop to conservatives. They get all hot and bothered if they think they'll get to kill somebody.

[Kidlicious]

Originally posted by KrazyHorse


I was trying to throw in a sop to conservatives. They get all hot and bothered if they think they'll get to kill somebody.

[Geronimo]

Originally posted by Imran Siddiqui

Um... what do you think most wealthy Americans (as in very rich ones) do already? This is common to avoid the estate tax. They use every loophole to their advantage. Why do you think these accountants are being paid so much?

Again who cares? I don't care if 80% of them cheat this is still not a reason to oppose the tax. Look at it this way. The death tax is a convenient way for people to allow their estate to revert to public good when they die without having to overtly snub their children. It makes it easiest to revert an estate to the public and harder to hand it to particular privileged individuals who in no way earned any of that money. Remember liberitarians (claim to) despise artificial transfers of wealth.

[Ming]

Originally posted by Geronimo
Again who cares? I don't care if 80% of them cheat this is still not a reason to oppose the tax. Look at it this way. The death tax is a convenient way for people to allow their estate to revert to public good when they die without having to overtly snub their children. It makes it easiest to revert an estate to the public and harder to hand it to particular privileged individuals who in no way earned any of that money. Remember liberitarians (claim to) despise artificial transfers of wealth.

I live to provide for my family. I want my kids to have it even better than I did. I want them to succeed in life and be happy. This take away the right to pass stuff on to your kids stuff is just crap if you are family oriented person. The "in no way earned it" stuff is full of it. Why do you think I earned it in the first place... TO GIVE IT TO THEM. This is not an "artificial transfer of wealth"... it's a family working hard to keep the family going. The death tax is double taxiation. The money has already been taxed once, and I have no problem with that. Now, we have families who have lived on farms for years having to sell the family farms because of a death in the family because they can't afford to pay the taxes... this is an outrage. We should be taxed on what we earn... not because we die.

[Geronimo]

Originally posted by Ming


I live to provide for my family. I want my kids to have it even better than I did. I want them to succeed in life and be happy. This take away the right to pass stuff on to your kids stuff is just crap if you are family oriented person. The "in no way earned it" stuff is full of it. Why do you think I earned it in the first place... TO GIVE IT TO THEM. This is not an "artificial transfer of wealth"... it's a family working hard to keep the family going. The death tax is double taxiation. The money has already been taxed once, and I have no problem with that. Now, we have families who have lived on farms for years having to sell the family farms because of a death in the family because they can't afford to pay the taxes... this is an outrage. We should be taxed on what we earn... not because we die.

Give them this stuff while you are still alive then. Every penny that is collected via the death tax is a penny that doesnt have to be collected from us while we are still alive. I'd like the government to at least have the decency to wait until I am dead before it starts digging its grubby paws in my piggy bank.