- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Gavin wants to change inheritance rules
Posted on 6/26/26 at 10:33 am
Posted on 6/26/26 at 10:33 am
Just got an email from him. He outlines the usual 'tax the rich' stuff. I didn't know the rich weren't paying taxes. But the unique item was the inheritance angle:
"Rewrite' isn't very specific but I'd love for a reporter to ask him what percentage of the inheritance should be taxed. And I don't think the founders advocated taxing inheritance.
quote:
Rewrite our inheritance rules. If we do not act, that transfer of wealth among the ultra-wealthy will lock in a permanent American aristocracy of inherited wealth, with all the political consequences the founders warned us about.
"Rewrite' isn't very specific but I'd love for a reporter to ask him what percentage of the inheritance should be taxed. And I don't think the founders advocated taxing inheritance.
13
Posted on 6/26/26 at 10:35 am to Zach
If this isn’t federal, all it will do is just chase money from California and/or make attorneys a shite ton of money for setting up trusts to circumvent this shite.
Posted on 6/26/26 at 10:38 am to Zach
GreatLakesTiger24 says this will make America great again.
Posted on 6/26/26 at 10:38 am to Zach
Sooooooooooooooo, this meatbag thinks families should be discouraged from passing their wealth on to their own children, but has no problem funneling more of it to the government instead?
We don't hate these pieces of shite enough.
We don't hate these pieces of shite enough.
Posted on 6/26/26 at 10:43 am to Zach
quote:
Rewrite our inheritance rules. If we do not act, that transfer of wealth among the ultra-wealthy will lock in a permanent American aristocracy of inherited wealth, with all the political consequences the founders warned us about
Aunt Nancy and uncle "Hammerhead Paul" Pelosi have a bunch of inheritance $ for him to go after.
quote:
Former House Speaker Nancy Pelosi and her husband, Paul Pelosi, have an estimated combined net worth of $249 million.
Posted on 6/26/26 at 10:44 am to Zach
quote:
among the ultra-wealthy
I love how they "other" and demonize anyone who works hard and earns success.
Posted on 6/26/26 at 10:47 am to Zach
Democrats want all your shite
Posted on 6/26/26 at 10:58 am to tigerfan 64
quote:
ultra-wealthy
quote:
To be in the top 5% of global wealth, an adult needs a net worth of approximately $200,000 to $250,000, which includes real estate, investments, and cash minus any debts
Posted on 6/26/26 at 11:01 am to Zach
You mean laws?
Posted on 6/26/26 at 11:02 am to Zach
Gavin trying to invoke “the founders” on any subject is absurd to the point of being comical.
Posted on 6/26/26 at 11:29 am to keks tadpole
quote:
To be in the top 5% of global wealth, an adult needs a net worth of approximately $200,000 to $250,000, which includes real estate, investments, and cash minus any debts
That is an insane stat.
Just saw this on Forbes about the top 5% of US wealth
quote:
Joining the top 1% requires a net worth of $11.6 million to $13.7 million, a slight dip from 2024 peaks due to market declines but still among the highest in history. For the top 5%, a net worth of $1.17 million to $2.7 million secures your spot, while the top 10% requires between $970,900 and $1.9 million. If you are aspiring to the top 25%, you’ll need roughly $340,000 to $500,000,
Posted on 6/26/26 at 11:32 am to Zach
Make no mistake, taxing the value of your 401k is on the table as well.
Posted on 6/26/26 at 11:33 am to Zach
quote:
will lock in a permanent American aristocracy of inherited wealth
Unless the kids are also successful, most of that wealth gets dissipated in 3 generations.
Posted on 6/26/26 at 11:37 am to teke184
quote:GN is running for POTUS.
If this isn’t federal
Posted on 6/26/26 at 11:46 am to keks tadpole
quote:
To be in the top 5% of global wealth, an adult needs a net worth of approximately $200,000 to $250,000, which includes real estate, investments, and cash minus any debts
Given the cost of living and taxes in NYC, $200k income will probably get turned down when trying to buy a co-op.
Posted on 6/26/26 at 11:46 am to BigJim
quote:
Unless the kids are also successful, most of that wealth gets dissipated in 3 generations
There is also the linkage of IQ. If you make a billion dollars you are probably very smart. That means your kids inherited higher IQs than most which increases the chance of their making big money. The reason some kids of the rich become failures is because of bad decisions. The same reason kids of the poor can move up because they make good decisions.
Posted on 6/26/26 at 11:49 am to Zach
Someone please explain why the government is more entitled to your stuff than your kids are
Posted on 6/26/26 at 11:53 am to Zach
quote:
all the political consequences the founders warned us about
frick all taxes that are created to redistribute wealth but he's not wrong about this. But this clown opposed a 5% wealth tax in California but now he wants a nationwide "billionaire tax"? fricking politicians!!
Posted on 6/26/26 at 11:56 am to teke184
quote:
make attorneys a shite ton of money for setting up trusts to circumvent this shite.
Exactly. Billionaires employ people much smarter than Gavin Newsom to find and exploit every single tax loophole.
Posted on 6/26/26 at 12:08 pm to ronricks
quote:
Billionaires employ people much smarter than Gavin Newsom to find and exploit every single tax loophole.
That’s not really the way it works. For millionaires? Sure. But billionaires pay politicians to create the loopholes they’ll exploit.
Page 1 of 2
Back to top
Follow TigerDroppings for LSU Football News