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Estate taxes aren't really there for you and I, the common man. I think most estate taxes are marginal anyways (you pay lower taxes on the first X thousand doll
by jbob2000 9y ago
Estate taxes aren't really there for you and I, the common man. I think most estate taxes are marginal anyways (you pay lower taxes on the first X thousand dollars, etc.).
They exist to prevent the ultra rich and powerful from vacuuming up all the wealth. Daddy makes billions, gives it all to his children who go and buy more companies, make more billions, and after two or three generations, the entire country is owned by like 3 families. It exists to prevent Rothschild from ever happening again. You can't have a functional democracy when everything is run by a handful of people.
- xaqfox 9y agoBillionaires can afford estate planners and trust lawyers, so wouldn't this disproportionately affect the poor?
- ameister14 9y agoIf the poor were already handing down more than the 5.5 million the previous tax allowed for, I'm not sure they can be classified as poor.
- jbob2000 9y agoThose guys all want a slice of the pie too, which means less gets passed down. Hilarious that you think poor people give a flying fuck about estate taxes. Most poor people die in debt or with nothing to their name. I'm sure you could say the same for the middle class too.