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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
Posted by Penrod
Member since Jan 2011
55573 posts
Posted on 2/21/26 at 5:53 am to
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. We have special tax laws that favor engineering companies, for example. You can argue that we shouldn’t have any of this, and you’d find an accomplice in me, but that ship has long sailed.

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 by AUauditor
Georgia
Member since Sep 2004
1703 posts
Posted on 2/23/26 at 8:56 pm to
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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