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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
Posted by 9th life
birmingham
Member since Sep 2009
7310 posts
Posted on 7/25/17 at 2:30 pm to
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.
Posted by Zach
Gizmonic Institute
Member since May 2005
112619 posts
Posted on 7/25/17 at 2:31 pm to
quote:

doesn't do much in the way of wealth redistribution


What is the difference between "wealth redistribution" and 'theft.'?
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 7/25/17 at 2:40 pm to
quote:

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
Good. It's not supposed to.

quote:

or for economic growth
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.
Posted by Breesus
House of the Rising Sun
Member since Jan 2010
66982 posts
Posted on 7/25/17 at 4:39 pm to
quote:

wealth redistribution


frick that.
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