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View Poll Results: Should inheritances be illegal?
Yes. Inheritances should be illegal. 11 3.61%
No. Inheritances should be legal. 291 95.41%
Not sure 3 0.98%
Voters: 305. You may not vote on this poll

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Old 08-22-2012, 10:20 PM
 
Location: Victoria, BC.
33,544 posts, read 37,145,710 times
Reputation: 14001

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Quote:
Originally Posted by qr5667 View Post
Well, anyone with proper estate planning shouldn't be leaving anything to inheritance, anyway. Call up a good lawyer and get that trust formed!
What?
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Old 08-23-2012, 03:30 AM
 
Location: On the Chesapeake
45,398 posts, read 60,592,880 times
Reputation: 61018
Quote:
Originally Posted by Memphis1979 View Post
I'm not sure where you're buying land for 50,000 dollars an acre. You can buy it around here for closer to 5000 dollars an acre.

Small farming is dying or dead already. Most "small farmers" have now decided to lease their land to large farming operations for a rental fee, or a percentage of the crop yield.


Calvert County, MD. No agri-businesses here, farmers have had to transition out of tobacco, making the decison to either try alternate crops or sell to developers who plant houses, a permanent crop.
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Old 08-23-2012, 04:08 AM
 
Location: NE Ohio
30,419 posts, read 20,311,358 times
Reputation: 8958
Quote:
Originally Posted by AnUnidentifiedMale View Post
I heard a conservative claim that most liberals believe inheritances should be illegal. I told him that I was sure he was mistaken, and that the argument is over inheritance taxes on very large estates, not simply inheritances themselves.

Who's right? And should it be illegal to inherit money?
Ones wealth belongs to no one else (for married couples in Community Property states, it belongs to husband and wife jointly). A person has a right to distribute their wealth as they wish in life (donations to charities, helping their children with financial needs etc.). In death also they should be allowed to leave it to whomever they wish.

I don't see what right the government has to any of it. It is theft, in my view. The government is taking some of what rightfully belongs to ones heirs, and taxes on that wealth were paid at the time it was earned. I think it is immoral to tax it again.

The government should keep their greedy hands off of it!
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Old 08-23-2012, 04:24 AM
 
Location: NE Ohio
30,419 posts, read 20,311,358 times
Reputation: 8958
Quote:
Originally Posted by gizmo980 View Post
Yep... as a liberal myself who stands to inherit a good deal (from my Democrat father), I would definitely NOT support them being illegal! I mean, who actually says that?

P.S. Based on the poll results so far, it seems that person was talking from their arse.
Hahahaha! That's the second time in 24hrs. you've made me laugh! You're funny!
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Old 08-23-2012, 05:35 AM
 
Location: Sango, TN
24,868 posts, read 24,392,645 times
Reputation: 8672
Quote:
Originally Posted by North Beach Person View Post
Calvert County, MD. No agri-businesses here, farmers have had to transition out of tobacco, making the decison to either try alternate crops or sell to developers who plant houses, a permanent crop.
Maryland, one of the smallest states in the country? Of course land in small areas cost more.

Move to any other state with twice your land mass, and the property costs will go down (except California)

Small farmers don't exist anymore, they lease out their land to large farming operations. I have close ties to the farming community, one of my Grandfathers was a farmer, and he leases his land, and I know two of the biggest farming operations in Western Tennessee.

No one farms their own land anymore,
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Old 08-23-2012, 08:53 AM
 
Location: Victoria, BC.
33,544 posts, read 37,145,710 times
Reputation: 14001
I've received this anonymous rep comment this AM...

Quote:
Why do you persist in posting about Canada when the thread has nothing to do with Canada? Please go back to watching hockey. You bring nothing to the conversation.
If others feel I am being intrusive, and my info does not belong in this thread, let me know and I will make no further comments.
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Old 08-23-2012, 08:58 AM
 
Location: A great city, by a Great Lake!
15,896 posts, read 11,991,168 times
Reputation: 7502
Quote:
Originally Posted by nononsenseguy View Post
Ones wealth belongs to no one else (for married couples in Community Property states, it belongs to husband and wife jointly). A person has a right to distribute their wealth as they wish in life (donations to charities, helping their children with financial needs etc.). In death also they should be allowed to leave it to whomever they wish.

I don't see what right the government has to any of it. It is theft, in my view. The government is taking some of what rightfully belongs to ones heirs, and taxes on that wealth were paid at the time it was earned. I think it is immoral to tax it again.

The government should keep their greedy hands off of it!

Yep! Why should my assets and wealth that I may have accumulated for the security of my family be distributed to others?
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Old 08-23-2012, 08:59 AM
 
Location: Texas
9,189 posts, read 7,601,522 times
Reputation: 7801
Quote:
Originally Posted by sanspeur View Post
I've received this anonymous rep comment this AM...



If others feel I am being intrusive, and my info does not belong in this thread, let me know and I will make no further comments.
Probably from a compassionate conservative. Just ignore it.
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Old 08-23-2012, 09:43 AM
 
Location: San Diego, CA
1,702 posts, read 1,920,032 times
Reputation: 1305
Quote:
Originally Posted by no1brownsfan View Post
Yep! Why should my assets and wealth that I may have accumulated for the security of my family be distributed to others?
In many cases an inheritance is comprised of long term capital gains such as retirement accounts and real estate that has never been taxed. It grew tax free for many years. If you were to cash out prior to your death you would probably owe sizable capital gains taxes on it. Why should your death wipe out the obligation to pay the taxes due on the gains?
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Old 08-23-2012, 01:29 PM
 
1,102 posts, read 1,155,785 times
Reputation: 646
Quote:
Originally Posted by sanspeur View Post
I've received this anonymous rep comment this AM...



If others feel I am being intrusive, and my info does not belong in this thread, let me know and I will make no further comments.
How rude.....IMO....your comments have been very informative ....
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