Latest Dumb Idea-The Estate Tax Should Be 100 Percent
You can’t take it with you.
What do you care what happens to all your wealth after you die, really? You’ll be dead. The living can use it, and you can’t. It’s asinine to subjugate the needs of living to the wishes of those who have already passed away. Dust to dust, and the estate tax up to 100%….
…You worked hard? You made good investments? You got real lucky, and you got real rich? Great. Enjoy it while you can, and then rest secure in the knowledge that when you’re gone, all of the proceeds of your luck or labor—justified and unjustified alike—will go towards the public good. That’s something for you to feel good about as you pass away, even if you were a real bastard most of the time.
Imprison the Walton family until this becomes law.
What a load of crap.
How insane is it to base national tax policy on resentments about one wealthy + despicable family? Jealous much? Make the estate tax 100% and I or any other sensible person will give it all away while alive. Want money for roads? Try a gas or road tax. I inherited a little money from an aunt who wanted to help the family generations with her savings. She did not want that money going where the current President and his lapdog congress wants to spend it. “Give it to the government” is hardly a wise default. They already get all the taxes they pass, all the un cashed or abandoned bits of money like un cashed dividends. Maybe if they do get it all they can afford to deport more veterans.