4 ms·
Strongly. Take a step out of San Francisco and step into a diner in the midwest: ask a patron about dynasty trusts and they’ll talk your ear off! While not a to
by spamizbad 5y ago
Strongly. Take a step out of San Francisco and step into a diner in the midwest: ask a patron about dynasty trusts and they’ll talk your ear off! While not a top-of-mind concern, it’s something people feel strongly about. /s
To be honest though there’s a lot of fear mongering around the estate tax causing a family to lose their farm.
- GaryTang 5y agoIt’s not fear mongering if it’s factual. Farms are low margin businesses — If they are being taxed when the patriarch dies, I don’t see how they keep their farm. Democrats love estate taxes because small businesses and farms don’t have the political power to fight them off.
- racehouse 5y ago>Democrats love estate taxes because small businesses and farms don’t have the political power to fight them off. You don't think they like estate taxes since a fundamental building block of progressive thought is to dismantle nobility? You're hiding behind farmers when it's really centa-millionaires and billionaires that are the largest opponents of estate taxes.
- GaryTang 5y agoAre centa-millionaires and billionaires the ones most likely to avoid such taxes by setting up these dynasty trusts, or other tax shelter, in whichever jurisdiction that allows it?