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re: Wall Street Journal lamenting taxes aren't higher on billionaires
Posted on 2/21/26 at 5:53 am to GoCrazyAuburn
Posted on 2/21/26 at 5:53 am to GoCrazyAuburn
quote:
Well that’s where we fundamentally mentally differ, I think our laws should govern everyone equally.
They do and would. I’m not suggesting we do anything extra-legal. I’m suggesting we change the law. And you can’t possibly believe the existing laws treat everybody equally? We have all kinds of carve outs for businesses AND MOSTLY individuals. We have welfare programs that take from some and give to others. We have quotas.
I get your principled opposition to tax laws for social engineering, but does it worry you that as the billionaire class grows it could spawn a leftwing voting surge and yield confiscatory tax policies like California is trying?
Posted on 2/23/26 at 8:56 pm to NC_Tigah
quote:
So you'd eliminate the step up AND still tax the overall inheritance?
Yes, once the assets become liquid, then tax the income. If we’re going to tax income, let’s tax income, even if a relative paid taxes on it once before.
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