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I suppose you think your grandmother ought to have been able to keep the millions while having society pay for her care. Does that seem fair to you? The estat

I suppose you think your grandmother ought to have been able to keep the millions while having society pay for her care. Does that seem fair to you? The estate tax issue is not in any way related to the issue of health care for the elderly.

humanrebar 12y ago
Nobody said that. It's a fair point that five million dollars isn't as much money as it seems, especially when accounting for healthcare costs. If the government took most of that money, this grandmother would have burnt through the remaining money quickly and ended up on government-assisted healthcare with much less choice about the kinds and quality of care. It's very pertinent.
- yequalsx 12y ago
  It was stated that $5 million puts one in the upper echelons of society. This is a true statement. It is also true that a calamity can wipe out that amount of money. I do not believe the issues are related in that I don't think it makes for good public policy to make the taxation threshold for estate taxes to be at the calamity-proof level. It appears to be possible from what you've said about your grandmother's situation that even if her inheritance was not taxed at all she would have still ended up using up all of her savings on care. If your point wasn't that you believed she should have been able to pass along the millions to her children while receiving care at the expense of society then I don't see how it was relevant.
  - humanrebar 12y ago
    It's not my grandmother. I just thought the downvotes were uncalled for. And I think your threshold for what's a reasonable estate is both arbitrary and too low. $5 million sounds like a lot, but give it a decade. Many family businesses are already valued over $5 million. Should functioning businesses be liquidated because the founder died? Soon, family homes in places like NYC, SF, and DC will be within spitting distance of $5 million. Should the family have to get a new mortgage or move because grandma died? Besides, I don't have confidence that the general fund of the federal government would better spend that money than someone seeking health and indirectly pouring money into better medical science and technology.

humanrebar 12y ago

Nobody said that. It's a fair point that five million dollars isn't as much money as it seems, especially when accounting for healthcare costs. If the government took most of that money, this grandmother would have burnt through the remaining money quickly and ended up on government-assisted healthcare with much less choice about the kinds and quality of care. It's very pertinent.

yequalsx 12y ago
It was stated that $5 million puts one in the upper echelons of society. This is a true statement. It is also true that a calamity can wipe out that amount of money. I do not believe the issues are related in that I don't think it makes for good public policy to make the taxation threshold for estate taxes to be at the calamity-proof level. It appears to be possible from what you've said about your grandmother's situation that even if her inheritance was not taxed at all she would have still ended up using up all of her savings on care. If your point wasn't that you believed she should have been able to pass along the millions to her children while receiving care at the expense of society then I don't see how it was relevant.
- humanrebar 12y ago
  It's not my grandmother. I just thought the downvotes were uncalled for. And I think your threshold for what's a reasonable estate is both arbitrary and too low. $5 million sounds like a lot, but give it a decade. Many family businesses are already valued over $5 million. Should functioning businesses be liquidated because the founder died? Soon, family homes in places like NYC, SF, and DC will be within spitting distance of $5 million. Should the family have to get a new mortgage or move because grandma died? Besides, I don't have confidence that the general fund of the federal government would better spend that money than someone seeking health and indirectly pouring money into better medical science and technology.