4 ms·
Let me take a stab at this, and I hope you dont take this offensively. I am guessing you are somewhere between 18-24 years old, right? These are the kind of la
by bedhead 13y ago
Let me take a stab at this, and I hope you dont take this offensively. I am guessing you are somewhere between 18-24 years old, right?
These are the kind of lazy ideas that get people in trouble. I emphasize lazy because to genuinely believe this is like playing a game of chess and only thinking one move ahead. Stop for a moment and seriously consider what kind of effects a theoretical wealth cap at $5-10 million would have. What are those ripple effects, the unintended consequences of this? Tell you what, and I mean this seriously and without derision, why dont you tell me what you think the big picture effects would be. Would it be all sunshine and roses? It's a worthwhile thought exercise.
- swalkergibson 13y agoI never advocated for a wealth cap. I merely stated that I thought the $5.25 million to $10.5 million exemption from estate tax was enough. Also, you are correct that I am in that demographic. I am not exactly sure why that is relevant, however.