User Panel
Posted: 7/20/2008 8:54:38 AM EDT
I've seen this mentioned numerous times in numerous publications and forums without explanation. It usually starts with discussion of corporate and estate taxes. My usual retort is that I should not have to earn twice the salary I really need in order to support those who will not work at all, even though they could.
This usually devolves to them confessing that they don't like income taxes much either, but that estate taxes should never be lowered and people who inherited money are evil and don't deserve it. I point out the family farm, many of which are owned from one generation to the next, with estate taxes being paid on the value of the land. Now some of those farms are in areas where the value has increased exponentially and families are left with having to sell to pay the taxes. A local farm sold some of their land to Walmart for $3mm so they would have enough to pay the estate taxes on the rest. So, why this idea of the estate tax being owed???? I mean this is money or land or business that has already had taxes paid on it. That is being taxed on money that is already taxes as it passes from one generation to the next. Why is it evil to want to leave my life's work to my children to continue it? Why is it evil for them to continue what I or my father or grandfather started? What is the mindset going on here? I've asked them and the only answer I get is that it's " complicated " |
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They think they're smarter than everyone else and therefore they can put your money to better uses, like giving it to crackheads and welfare rats so they'll vote Democratic.
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I'm guessing they are thinking of people like the Hiltons, Rockerfellers, etc, who inherit multi-generational wealth. Its the liberal perspective that these people are inheriting this money almost tax free, and paying no tax on the wealth as it compounds. I don't believe they see it as an issue that affects the average American. After all, every time the inheritance tax is mentioned in the media that I have seen, the articles invariably state that the first half million ( or whatever figure it is ) isn't taxed, so probably your average Liberal thinks that the only people hit by the tax are the massively wealthy.
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I don't know but aside from me and my brother my three other siblings are pretty liberal. If they wish to not inherit anything from my parents estate, my brother and I would be willing to split it amongst ourselves.
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Because in communist countries when you die, the state takes it all.
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So it is a regressive tax as it has not kept pace with inflation? I mean the Green family is not what I would call cash wealthy, they are working farmers. It just happens that in the last 10 years, suburbia came out to meet them. Grampa ( the titled owner ) was getting up there and their accountant said they better do something or they could not afford to pass it on. I hear the same from many small to medium privately held companies. The ownercannot afford to pass it on to his kids without selling out. |
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They are jealous that you are going to get money and they are not !
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It's highly ironic since the majority of them get their money through inheritance and trust funds.
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It isn't FAAAAAAAIRRRR to those who don't come from wealthy families.
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They want your money. They don't care how they get it. They simply don't want to admit it.
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Almost verbatim from a liberal friend's mouth-
Because one of the main goals of the liberal is wealth-redistribution, ensuring that all classes of society have the same shot at a successful life. |
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tagged so I can read all of the stupid posts by the commies of arfcom.
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Because they believe that people should earn their position in life through hard work on their own individual merits, and not based on some handout.
Inheritances give children an excuse to not work hard to earn their own place in life. |
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The solution to THAT is to incorporate, IIRC... |
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The path to failure. Ask your commie friend what the motivation is for those to strive and produce a lot, only to have it stolen and redistributed. An Idealist may work for the "common good" or "prosperity of the motherland" or what have you, but what percentage of the population will these idealist comprise? Enough to keep the commie dream alive? History says otherwise. |
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Because they are Nazis.
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are you serious? |
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Yup, one of the tenants of communism is abolition of the family - preventing any kind of inheritance facilitates this. |
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Read George Orwell's book "Animal Farm" and see where you fit in.
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Do I think that Paris Hilton deserves the money that she has? Nope. Do I think that I have the right to take her money? Nope. |
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Liberals are against traditionalists being able to leave an inheritance to their traditionalist-raised middle-America offspring.
They are NOT against their own elite living generation after generation off of trust funds and doing things like going off to the family business Board of Directors conference on global warming in Tahiti. That's entirely different... somehow. |
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the Democrats really get pissed off when I inform them that they have the same policies as the nazis, minus the jew killing part. |
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It gets closer all the time... |
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Because LIBTARDS, think any money derived by any source but being doled out by them "to each according to their need" is evil.
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You are correct sir! Nazi meant the national socialist party, today's Democrats are more liberal about seizing everyone's assets. |
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It is a means by which socialist/ liberals can confiscate property and wealth after death from those they could not confiscate it from while alive. "You can't take it with you anyway so we are the ones best able to decide what to do with it." is their mantra.
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Uh, No. The only acceptable way to become wealthy is to sue some big EVIL coporation for the money. |
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The brightest folks don't always produce the brightest offspring. When looking at some of Americas politically entrenched families, I do find the thought of a two generation 100% inheritance tax somewhat intriguing.
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Don't need it. Eventually they breed themselves into stupidity and they lose their money. |
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Quite simply, it's jealousy. They don't like to see anyone get a head start in lfe. They feel as if your children don't deserve to inherit your wealth any more than they do. Nobody left them any inheiritance (because their parents didn't save any $$$ either), and they don't like the idea that they will have to work much harder to acheive the same standard of living. Your kids won't have to work as hard, because you were smart enough to amass some wealth and property. If they can use taxes to "make it fair" by reducing your children's inheiritance, it makes them feel better about their position in life. |
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That's ridiculous! Name me ONE, just one Liberal family like that? *cough*Kennedy's*cough* Here on Arfcom if you ever bring up whether parents should pay for college, you get some posters who say that 'they should work their way through college like I did.' Gee, I thought the whole reason I'm saving for my kid's college education was to make it easier for him so he can focus on his schoolwork. Silly me. If you take that mentality to the extreme, we should abolish Arfcom and burn down the libraries so that people can 'earn' all that knowledge themselves. |
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I wonder if they think the United States should return to being a British colony. After all, why should we benefit from the hard work of our forefathers?
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what's funny is that many of them are rich due to inheritance. Ed the drunk for one
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Wow, just wow. You didn't happen to live in MA at one time? |
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You forgot to do the little sarcasm on/off thingy or something. |
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I don't know if the dollar amount has gone up or not. Personally I am in favor of doing away with the inheritance tax. That money has already been taxed, and if the family business is anything like the ones I've known, the kids inheriting the business have their own sweat equity in what they are inheriting, even if the business wasn't in their name up to that point. |
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Was that a bit dry for you? |
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You were serious? It's wealth redistibution, nothing more, the Govt did nothing to earn it yet wants a large percentage of ALREADY taxed earned income, property or funds. It's a money grab, pure and simple, if the deceased wants to place restrictions on income, how it can be distributed, or any other requirement HE can do so, it is not the govt domain to have a say. [it shouldn't be anyways] I'd love to see any Senator, President, or Rep. be required to first give up all his property or ownings to be able to serve personally and all earnings afterward that have anything to do with anything govt related be taxes at 3X the normal rate. I'd like it just for the uproar it would create in the elitist ranks. [That goes for spousal income also, no playing shell games like Pelosi does] |
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Some of the most successful people in the country have used inheritances as a spring board to more wealth. Donald Trump ring a bell? The taxes have already been pain in most cases in inheritances and estates. Whst do you propose should be done? What's you position? a)tax the inheritance again., or b) Inheritances should be the property of the state. |
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The second part of my statement was meant to be dead serious. Have you ever meet any trust fund hippies? People whose parents left them a fortune (often locked in a trust where they only get a check every month) and the kids never amount to anything? The first part of my statement was meant very tung-in-check. Considering that the Republican party has put forth the Horatio Alger myth as one of its tenants, you would think that they would be opposed to the large transfers of wealth to those who had not earned it. Neither the Republican or Democratic party have an monopoly of rich elites who are interested in telling us how to live our lives or what to do with our money. They both share a common theme: Hypocrisy. |
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Because collectivists believe the state is your real family. That right there explains 80% of their bullshit.
My money will be set on fire when I die if I so choose. ITS MINE. Its nobodies fucking business what I give to my children. Its mine to give. Hell, my family is my only real motivation to become successful, to work hard, etc. They are exactly why I want to amass wealth. If any hippie communist fuck doesn't like it, they can suck my dick. |
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An inheritance tax is like any other tax. In its most recent incarnation, it just happened to effect a very small minority of Americans. The .gov needs/wants revenue and has the power to tax to obtain that revenue. If it does not tax inheritances, it will tax something else (like beer, income, investments, property or pokeman cards). The benefit of the inheritance tax is I am likely to not be effected by it. As a philosophical matter, those who are effected have the least to complain about, since the property being taxed was not theirs, but some dead relative/friend. I do firmly believe that leaving large inheritances to children can often take away an incentive to earn their way in the world through hard work. I have had a number of friends who this was true for. Maybe they would have been lazy bums if dear old dad had not set up a trust for them, but the existence of the trust certainly did not motivate them to work hard. I am also bothered by those who believe that they have a right to inherit money or property from their parents. The owner of the property has a right to do with the property as they please. |
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You don't have a clue. Whose money is it that we are talking about? Yours? Mine? The Gooberment's? Nope. It belongs to the person that made it. If he wants to leave it to his stupid brats, then he is perfectly free to do so. Why? Because it's his money, and he can do whatever he wants to with it. It's not your, nor the Gooberment's business what he does with it. It's his. That concept is called "Freedom". Read about it. |
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Liberals believe that allowing huge sums of wealth to be handed down from generation to generation, growing exponentially as it did so would create a class of plutocratic aristocrats whose power and influence would be disproportionate in relation to their small numbers, and thus would corrupt and threaten American democracy and the voice of the common man.
This has already happened, of course with special interests of the environmentalists, trial lawyers, corn farmers, sugar planters, and the AARP special interests basically dictating Congress to spend and make laws for what's good for them and to hell with everyone else. And all these estate taxes are avoided by complex trusts drafted up by lawyers and accountants (you don't think the Kennedy family earns any of the money they live off of, do you? It's still all the money made by Joseph Kennedy hidden and protected from all the taxes they have voted to raise) The estate tax doesn't even bring in a lot of money, since the superrich can easily evade it. So why even have this tax? The usual reasons, it makes Liberals feel good and they think it's the right thing with good intentions, despite the fact the outcomes show it's absolutely ineffective. But like that ever convinces them of anything. |
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+1 I really fucking hate socialists. |
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