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re: Why isn't an extreme wealth/inheritance tax pushed more by progressives?
Posted on 7/25/17 at 2:30 pm to SlowFlowPro
Posted on 7/25/17 at 2:30 pm to SlowFlowPro
I'm conflicted and biased on this topic.
I don't like the image of the government picking at your estate like a vultures on a carcass after you pass. BUT, I do believe that locking up funds in irrevocable trusts for generations to come doesn't do much in the way of wealth redistribution or for economic growth.
It's definitely a tricky topic. that said, I wouldn't riot if it increased.
I don't like the image of the government picking at your estate like a vultures on a carcass after you pass. BUT, I do believe that locking up funds in irrevocable trusts for generations to come doesn't do much in the way of wealth redistribution or for economic growth.
It's definitely a tricky topic. that said, I wouldn't riot if it increased.
Posted on 7/25/17 at 2:31 pm to 9th life
quote:
doesn't do much in the way of wealth redistribution
What is the difference between "wealth redistribution" and 'theft.'?
Posted on 7/25/17 at 2:40 pm to 9th life
quote:Good. It's not supposed to.
BUT, I do believe that locking up funds in irrevocable trusts for generations to come doesn't do much in the way of wealth redistribution
quote:Are the next generations not spending it? The leftist theory that somehow, if rich keep their money, it's locked away economically is just economic ignorance.
or for economic growth
Posted on 7/25/17 at 4:39 pm to 9th life
quote:
wealth redistribution
frick that.
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