Abolish INHERITANCE....!!!

[Code]

Spoken like a man who has no progeny and doesn't plan on making more money than he can spend.

What do you propose happen to the money of hardworking people, hand it over the gov? As it is the money already gets taxed twice, once for income tax and again for estate taxes.

What do you propose happens to items willed to family, items that could be considered valuable (cars, houses etc?) Should we turn the houses into low income housing so crack whores can enjoy a higher standard of living??

 

[musclebrains]

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its the heaviest tax there is and 625000 is not a very large estate.

Among the total population, it most certainly is.

I do not favor ending inheritance and I don't think anyone needs to worry about that happening. Ending inheritance on the basis of the idea that it is unearned income feels way too Puritanical to me -- the infliction of a work ethic that violates a fairly basic impulse to make life a bit easier for those who follow you.

 

[RyanH]

Musclebrains is exactly right....most people aren't subject to the estate tax since their is an exemption for estates under 625,000, and the Republicans, have indeed, only termed it a "death tax" to brainwash the public that it's some sort of unfair tax---and as usual much of the American public bought right into their spin.

Surprised, of course not, since much of the American public hasn't read a book since high school or college...instead, many resort to television and glossy magazines to give them the "information" that they need.

Most Americans, Bob, don't have an estate over 625,000.

 

[gymtime]

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Well, if that's what welfare was, that might be a decent argument. But your "general definition" is pejorative. And by the way, the vast majority of people receiving government assistance DO work. This is one of the myths foisted on the public by conservatives.

Another is the bullcrap about "death taxes." The average American estate is NOT taxed, because the average American estate is small. The extremely wealthy have promoted the idea that there is a "death tax" when what there really is is a very heavy tax on very large estates for exactly the reason Ryan is advocating the end of inheritance. His position is not radical. It simply takes current thinking a step further.

Welfare is, in it's purest sense, "money for nothing" as is an inheritance. This is true whether the recipient works or not. I was simply asking RyanH if he was opposed to welfare in that aspect. He said he was after his usual amount of required prodding. The point is that I don't believe you can be opposed to inheritance based on the fact that it is not earned, and still approve of welfare.

 

[musclebrains]

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Welfare is, in it's purest sense, "money for nothing" as is an inheritance. This is true whether the recipient works or not. I was simply asking RyanH if he was opposed to welfare in that aspect. He said he was after his usual amount of required prodding. The point is that I don't believe you can be opposed to inheritance based on the fact that it is not earned, and still approve of welfare.

No, it really isn't the same thing. Again, "welfare" is a pejorative term used to describe government assistance to the poor. It is not the same thing as a "grant," which more closely resembles an inheritance.

For example: Recipients of food stamps cannot cash them, cannot buy junk food, etc. People receiving aid to families with dependent children (or whatever moniker it goes under now) cannot spend the money any way they want. No government assistance is granted in perpetuity to the poor and all programs now insist that recipients work.

This is very different from an inheritance for obvious reasons. One -- government assistance -- involves the establishment of merit and the other does not necessarily.

 

[spongebob]

Most Americans, Bob, don't have an estate over 625,000.

your right, but i dont hold my opinions based on what americans have or dont have.
i know a few who do, (all blue collar workers)relatives and friends, my dad worked hard to have what he has and i dont think it should be taxed twice, at least not at the rate that the death tax allows. 37%-55% i believe. THATS REDICULOUS.

 

[spongebob]

typical ryan, penalize people who work hard and reward people who dont work (hard).

 

[BO-CEPHUS]

Typical bullshit from the left.

You actually believe that I should have to forfeit my money over to the government after death.

Government taxation on inheritance, estates, and income is all bullshit.

Fuck the government. They should not get one damn cent form me unless I decide to purchase a good.

 

[Code]

Muscle,

In case you didn't know, you can buy drugs in Watts or Compton with Food Stamps. So yeah, it is money for nothing. In fact, in this case its Federally Distributed Drugs.

Say what you want about welfare, it was a well intended program to help the poor. But taxing those who died because they worked hard should be illegal.

We may as well convert to Gypsey Law, anything left alone for more than ten minutes is free game!

 

[musclebrains]

Muscle,

In case you didn't know, you can buy drugs in Watts or Compton with Food Stamps. So yeah, it is money for nothing. In fact, in this case its Federally Distributed Drugs.

Say what you want about welfare, it was a well intended program to help the poor. But taxing those who died because they worked hard should be illegal.

We may as well convert to Gypsey Law, anything left alone for more than ten minutes is free game!

The abuse of public assistance is a separate issue. I already said I don't favor ending inheritance but I do support heavy taxation of large estates. There's nothing unusual in that position..