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I don’t get how anything about this is worse. That $11m or $22m was already taxed and the person who earned it paid the government an unusually large sum of mo

I don’t get how anything about this is worse. That $11m or $22m was already taxed and the person who earned it paid the government an unusually large sum of money for the privilege of being successful. Why should they get to double dip? The government taxes everything you earn, all the interest you earn on that money, all the property you buy, and all of the goods and services you buy. It then taxes the person selling those goods and services for the privilege of selling them. Any time a dollar hits the economy it’s probably been taxed 6 or 7 times. And for all this what do we get? Subpar infrastructure and bloated government programs that enrich bureaucrats.

Frondo 5y ago
You know the phrase, "you can't take it with you"? Turns out that's literally true -- when you're dead, there is literally no use for possessions anymore. We all end up in the cold, cold ground with exactly the same amount of "stuff." The estate tax is a "government double dipping," it's a tax that's been around since the founding of the country, put there by the people who very specifically wanted to avoid generational wealth forming dynastic rulers over their newly-hatched nation. With an exemption on $11 mil, I wouldn't shed a tear if every cent beyond that were taxed at 100%.
xsmasher 5y ago
If I get taxed on my income, and then give half of it to you, should it be exempt from taxes because it was "already taxed?" The whole idea is that money is taxed when it passed from one person to another.
- cinquemb 5y ago
  Thankfully there are emerging alternatives to money that have been increasing in usage for about 13 years and offer more control to the individual as to how the resources under their domain are allocated exactly and transparently thru governance that are more accessible work arounds than the trusts, charitable writeoffs, etc.

Frondo 5y ago

You know the phrase, "you can't take it with you"? Turns out that's literally true -- when you're dead, there is literally no use for possessions anymore. We all end up in the cold, cold ground with exactly the same amount of "stuff." The estate tax is a "government double dipping," it's a tax that's been around since the founding of the country, put there by the people who very specifically wanted to avoid generational wealth forming dynastic rulers over their newly-hatched nation. With an exemption on $11 mil, I wouldn't shed a tear if every cent beyond that were taxed at 100%.

xsmasher 5y ago

If I get taxed on my income, and then give half of it to you, should it be exempt from taxes because it was "already taxed?" The whole idea is that money is taxed when it passed from one person to another.

cinquemb 5y ago
Thankfully there are emerging alternatives to money that have been increasing in usage for about 13 years and offer more control to the individual as to how the resources under their domain are allocated exactly and transparently thru governance that are more accessible work arounds than the trusts, charitable writeoffs, etc.