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re: IRS collected a gargantuan $7 billion estate tax from a single source, nobody knows who
Posted on 4/19/24 at 9:11 pm to turkish
Posted on 4/19/24 at 9:11 pm to turkish
quote:I'm not an economist. I'm not here to advocate for specific income tax rates, income tax thresholds, estate tax rates, or estate tax thresholds.quote:Estates larger than the one you were involved in.
It is, and it is the most fair and rational way to generate tax revenue.
I do believe that estate taxes are more fair and more rational that income taxes.
People who are earning income are showing the ability to be productive. People want people to be able to eat what they kill. We want people to be productive. We should reward productivity.
People who inherit wealth have not shown anything other than the ability to be offspring. What is it that they are doing that should be incentivized?
If given the choice between taking from producers or taking from people who have only shown the ability to inherit, I'd rather take less from the producers.
Posted on 4/19/24 at 9:16 pm to Salviati
quote:
I'm not an economist. I'm not here to advocate
You are here to call our questions stupid though
quote:
We should reward productivity.
In this country? Good luck
quote:
People who inherit wealth have not shown anything other than the ability to be offspring. What is it that they are doing that should be incentivized?
I would imagine people that inherit money from productive parents continue to be productive and contribute to that income tax revenue you think is more fair.
Posted on 4/19/24 at 10:15 pm to Salviati
quote:
If given the choice between taking from producers or taking from people who have only shown the ability to inherit, I'd rather take less from the producers.
Why should government take from anyone? Why do you operate under the assumption that only productive people should keep their money?
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