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Being against estate taxes and being against entrenched aristocracies are not mutually exclusive positions. Being against taxes on already-taxed monies benefit
by IG_Semmelweiss 5y ago
Being against estate taxes and being against entrenched aristocracies are not mutually exclusive positions.
Being against taxes on already-taxed monies benefits self-made families as well.
Provided that old money can lose money by squandering inherited wealth, the two positions are very logical and to the benefit of society.
The issue here that no one seems to mention is that aristocracies should not be able to leverage the state to protect their wealth.
Old money in france and italy is sustained due to protection of state. The US rich, due to the growth of the growth of the state apparatus, having increasing ability use the state to shield aristorcracy here.
Quick examples:
- TARP bailouts
- Neverending wars to benefit defense industry
- Biden admin reversing hospital pricing transparency executive order.[1]
- All the newly minted 'czars'
- Disney IP laws
- Antitrust failures in the last 30 years
I don't think anyone has a problem woth the rich if they get there by playing by the same rules everyone else plays by.
However when you see major rich politicians on TV, dining without masks, while telling everyone else this is prohibited, you know the problem is not the rich, but the rule-makers
Edit: added source per request
[1]https://www.natlawreview.com/article/cms-backs-price-transparency-providers-and-plans https://www.natlawreview.com/article/cms-backs-price-transpa...
- onlyrealcuzzo 5y ago> Biden admin reversing hospital pricing transparency executive order Source? All I can find is that the admin plans to do the exact opposite and actually enforce the rule that was in place but no one has been following (because it wasn't enforced): https://www.washingtonpost.com/politics/2021/07/12/health-202-biden-says-he-enforce-trump-era-rules-requiring-hospitals-post-their-prices/ https://www.washingtonpost.com/politics/2021/07/12/health-20...
- IG_Semmelweiss 5y agoThe wapo article you mentioned is 3+ months old. The CMS final rule was only issued after : https://www.natlawreview.com/article/cms-backs-price-transparency-providers-and-plans https://www.natlawreview.com/article/cms-backs-price-transpa... First paragraph: On August 2, 2021, the Centers for Medicare and Medicaid Services (“CMS”) issued its hospital inpatient prospective payment system (“IPPS”) final rule (“Final Rule”) for fiscal year 2022. In addition to a number of other changes, the Final Rule **repeals the price transparency requirement** for hospitals, discussed in our September 2, 2020 blog post, obligating hospitals to report certain contract terms with Medicare Advantage (“MA”) plans for cost reporting periods ending on or after January 1, 2021.
- wbsss4412 5y agoAn inheritance is a transaction, the notion that the money “has already been taxed” makes no more sense than it does to say that income or sales taxes are double taxation because my income was taxed already when someone made a purchase at the store I work at.