"Joseph Oberlander" wrote in message
ink.net...
Michael McKelvy wrote:
Btw, the most onerous one of all is the death tax. It keeps the
middle-class fomr gining wealth. The wealthy manage to dodge
this with a few simple but little-know methods.
But the leftists argue we need such a tax to keep wealth from being
concentrated in a few families. You know, like the Kennedy's, the
Rockefellers, the Bush's, and the Kerry's.
I know, but it fails in two ways.
1: It is onerous to the point of moving overseas before you die
that 70% of everything you managed to make in your life is
taken by the government when you die. This is hardly any different
than your King taking back his land. 70% is outrageous considering
you paid 20-30% your whole life into the system.
2:The loopholes that the wealthy have via trusts and corporations
and so on allow them to keep 100% of their wealth. So all it
really deos is keep the small guys from getting ahead.
But we both know this. That's why it's more correct to call it
a death tax.
No argument from me. Government has no legitimate claim on anybody's
estate. I suspect this is one of those things that goes back to trying to
screw with the new rich as opposed to the old money families. That's where
our first zoning laws came from, old money families not wanting to live near
new money folks.
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