re: #627 Olsonist

Hers was a slippery slope argument.

If Joe gives Sally $1M, then Sally has $1M of income
whether or not Joe is Sally’s father.
If Joe bequeaths Sally $1M, it seems reasonable that Sally
still has $1M of income.

My dog in this fight is fairness. Income is income whether it comes from a rich daddy or a blue collar job.

My parents worked hard all their lives, and saved.
Their income was taxed, whether they spent it or saved it. The interest on their savings and the earnings on their investments were taxed.

And then it’s supposed to be taxed again when they leave it to me? How many times do you propose to tax a particular portion of money? In my book, fairness would be to tax it once, then no more.