Inheritance Taxes Discourage Oligarchy. Hence libertarian types hate inheritance taxes

Hate to break it to you, but when you're dead, you can't do **** all with your money anymore.

The satisfaction you receive from it...all the same.

 

Ah yes, the famous I provide a peer reviewed study and you just write it off by saying the study is older than you would like. You didn't provide any evidence at all, much less the "latest copy of WSJ," just your own opinion that the study was too old to be considered relevant.

HILARIOUS!!!

It wasn't. The effective tax rate in 1979 was over 42%, in the period the CBO covered, the rate never got that high and, at a couple of different times, dropped into the 20s.

The information I have seen indicates that the top effective tax rate in the '50s was between 50 and 60%, is it your contention that 50% is lower than 42%?

You haven't found a whit of evidence to support what you are saying. You haven't even found any "holes" in my argument. All you have is spin and bullsh!t, as evidenced by this thread and the one you linked above.

 

There are a number of different indicators which show that the current top tax rates are doing harm to our country. Since the top tax rates have been cut, income inequality in this country has skyrocketed and the average worker hasn't gotten any substantial increase in pay in over 30 years. This is great for the top 1% (and even better for the top .1 and .01%), but it isn't working for the rest of us.

The rising tide has only lifted the yachts, the dinghies are anchored to the bottom and are being swamped by the tide.

 

not true, your wealth has value posthumously, either through direct instructions in a will or trust, or through the actions of whomever you entrust your wealth to

 

LOL

Might want to check your history there chief.

 

The "money are people too!" argument. I'm listening - keep going with this.

 

That's not at all what leaving an inheritance or endowment implies, and people who support an estate tax acknowledge that.

 

I'm just wondering how something can remain "yours" when there is no you in this plane of existence - unless it somehow takes on/absorbs some of your personality itself.

Anyway, the question isn't directed at you, it's up to the loquacious and prolific Commodore of the Randian Fleets to explain to us why dead-hand control of assets is the only thing standing between us and serfdom.

I trust it will be a measured argument, full of reason.

 

Free will should be cherished and protected, and the ability to dispense our property as we see fit is one of our last acts of free will on this planet.

 

We do have that ability, even with an estate tax.

 

this debate will soon be academic, as bitcoin will eventually make the looting of estates out of reach from governments

 

Yes, and will eventually overtake Goldline as a method of fleecing anti-government rubes.

 

you'll come to regret not being an early adopter

 

Yes, just like I'll regret not buying those "collectible" Goldline coins.

 

I don't have a problem with that. Do what you like with your estate. Just pay your estate tax first. Thanks in advance.

 

You have that abillity. When you are dead, you have no abilities or existence whatsoever.

There's many places for me to go with this, "dead hand control of the living is necessary to avoid enslavement of the dead!" - is just completely awesome on so many levels.

Why don't we pick up where we left off though - how do free will and property become so intertwined to avoid the Reaper's scythe? When does the moment of attachment occur? Is there some radioactive half-life type principle where it dissipates over time?

heh, as if Commodore's estate would ever exceed the exemption...

 

Perhaps he has a rich uncle?

 

A shipping magnate from the 19th century maybe.