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If rich people gave it all away then there would be no such thing as rich people and everybody else would become a lot poorer than they are now. So what would good would it do for everyone to become more poor?
What makes anyone "deserving" of it. Sick of folks thinking they "deserve" anything just because their parent was successful. Bunch of moochs should have to work for success like everyone else.
Id rather see it help pay for government then for the lazy genetic lottery winners mooch off of it.
I on the other hand feel that the taxes were already paid on that money. When we pass away we decide who is deserving. In my case my children as long as they meet the criteria that they have been made aware of their entire lives.
Who are you or anyone else for that matter to question where it goes or who it shouldn't go to. You didn't work for it, you didn't do anything for it.
I am for a higher tax rate on the living and even on the dead, but 90% is insane and unjust.
I am sick of folks looking at what others have and demanding a share of it even though they didn't do squat to earn it.
Being born into wealth must be nice, let them squander it if that is their desire.
Why should it be 90%?
Taxes were paid while it was earned. What makes the US Government deserving of getting 90%? 30% maybe.
To rationalize any death/estate tax whatsoever, one would have to believe the government owns everything to begin with and merely allows you to keep some of the money you earn, but they get all the rest even what you've managed to save (some of your earnings) and invest in assets on your own. As such, the death/estate tax is a manifestation of pure fascist authoritarianism in that it espouses the notion that the government owns everything including the fruits of everyone's labor.
What makes anyone "deserving" of it. Sick of folks thinking they "deserve" anything just because their parent was successful. Bunch of moochs should have to work for success like everyone else.
Id rather see it help pay for government then for the lazy genetic lottery winners mooch off of it.
What if the parents want them to have the money? They worked for it, seems they should have a choice where it goes.
This country steadfastly refuses to differentiate the rich who create from the rich who destroy. Someone explain to me why a generic hedge fund manager deserves a lower tax rate. Someone explain why a parasite like Eddie Lampert gets to wreck things for his own gain then gets a preferential tax rate.
I'm waiting for the OP to point out that anyone making over $32,400 is in the global 1%...
It is funny when people make some kind of moral argument for wealth redistribution, but when you apply it globally and they're suddenly the evil rich, they switch to "well we're just talking about this country".
Deduct the cost of living and you have a different picture.
A person making 30,000 in the USA may appear much richer than a person making 5,000 in India.
Housing, food and medical are 10 times lower in India.
It does no good to compare country to country unless that 30,000 is realized in India.
They spend it here, not in India.
You can a 3 bedroom apartment in India for 150 a month, you cannot do that here.
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