The top two tenths of The One Percent is a baby. Baby: I worked hard for nine while months to be born into an ultra-rich family! And now my inheritance is subject to a tax??
The abolition of all inheritance is a pillar of communism. Doesn’t matter how large the numbers are, the people should own their wealth, not some random government that comes along and decides it is entitled to most of it. How “hard” did the government work to earn its claim on inheritances?
Without those taxes the government that many in the rest of the world envy so much would not even exist.
Just read both the US Constitution and the Federalist Papers which created that federal government in the first place. You know, the same founding fathers generating the same US Constitution that the anti federal taxes ultra conservatives supposedly support so very much!
By the way, here is the article of the US Constitution that gives the federal government the right to tax the people of the US. Note, that it is a part of the actual constitution, and not even an amendment to that constitution!
“The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;”
Please note that there is absolutely NO limit to the amount of taxes that the Congress of the US can levy upon the people of this country! So, if Congress would want to levy an inheritance tax of 100% on all inheritances, it has a perfectly legal right to do so by the US Constitution! So, just perhaps as the Congress does not levy such 100% tax, the criers and whiners among the ultra conervatives, should keep their bloody mounths quite, and their hands off of their keyboards !!
You know there was never a more graphic illustration of how the right-wing Repubs are nothing more than mindless lemming than the first time the righties started pushing for the reduction of the inheritance tax.-—————————————-
The right-wing pundits and talk show hosts did this by first shamelessly re-labing the Inhertiance Tax as the, ‘Death Tax’ ( It’s not )Second they began pushing the message on everyone that when YOU die, YOUR kids won’t inherit all your hard earned money. ( Yah! Yah ! Yahhhhh! )The righties bought into it, and the inheritance tax was cut. Only afterwards did the full story come out; the inheritance tax only affected a small segment of the wealthiest Americans in the first place, the average joe didn’t have to pay it anyway.Now, most reasonable people who’ve been conned like that wouldn’t be too keen on anything else the person who deceived them had to say.Except the uber-cons are NOT reasonable people. Like I said, they’re mindless lemmings. To this day they continue to treat the words of the folks who hustled them on the inheritance task as Gospel from the Mount.
What utter nonsense. The rich keep more and more. In point of fact, the inheritance tax is one of the most American taxes going – it’s not your money, you didn’t work for it. You didn’t earn it. It’s a gift. And gifts are taxable. We need MORE not less of it. Already, we’re going in the wrong direction, turning the ultra rich into a de facto nobility. And for crying out loud, the exemption rate is so high, you have to be filthy rich to even notice.
What utter nonsense. The rich keep more and more. In point of fact, the inheritance tax is one of the most American taxes going – it’s not your money, you didn’t work for it. You didn’t earn it. It’s a gift. And gifts are taxable. We need MORE not less of it. Already, we’re going in the wrong direction, turning the ultra rich into a de facto nobility. And for crying out loud, the exemption rate is so high, you have to be filthy rich to even notice.
Whenever I’m faced with a tough problem, I always ask, “what would Conrad Hilton III do?” Then I scream at people that they’re peasants, lock myself in a bathroom and get stoned.
“No man should receive a dollar unless that dollar has been fairly earned. Every dollar received should represent a dollar’s worth of service rendered — not gambling in stocks, but service rendered. The really big fortune, the swollen fortune, by the mere fact of its size acquires qualities which differentiate it in kind as well as in degree from what is possessed by men of relatively small means. Therefore, I believe in a graduated income tax on big fortunes, and in another tax which is far more easily collected and far more effective — a graduated inheritance tax on big fortunes, properly safeguarded against evasion, and increasing rapidly in amount with the size of the estate.”Teddy Roosevelt, New Nationalism Speech, August 31, 1910http://teachingamericanhistory.org/library/document/new-nationalism-speech/
Well, of course YOUR inheritance will be taxed! After all, how will all those hard working congress people get paid? Besides, didn’t congress (both Senate and House) just vote themselves a hefty raise? That money has to come from somewhere, doesn’t it?
The “inheritance tax” doesn’t begin to take all that wealth, no matter how big the stash might be. Which, interesting that many like Bill and Mellinda Gates have seen to it that their kids will get only a small cut of their wealth, NOT anyhwere near the whole thing. “Trading Places” with Akroyd and Murphy was actually a pretty good example of the picture of wealth grown beyond mere greed, and the manipulation process.
In case you’re wondering WHAT the uber-rich are going to do with that money if the inheritance tax is elminated….[]http://www.salon.com/2014/01/24/the_obscene_lifestyles_of_the_global_super_rich_partner/
“Get used to it, kid. With this government, you don’t really expect them not to take their cut. Be grateful you are even allowed to keep any of it.”Republican President Theodore Roosevelt heartily endorsed estate taxes. He said that it was un-American to come into wealth solely by inheriting it.
Darsan54 Premium Member about 9 years ago
Sounds about right.
HabaneroBuck about 9 years ago
The abolition of all inheritance is a pillar of communism. Doesn’t matter how large the numbers are, the people should own their wealth, not some random government that comes along and decides it is entitled to most of it. How “hard” did the government work to earn its claim on inheritances?
frodo1008 about 9 years ago
Without those taxes the government that many in the rest of the world envy so much would not even exist.
Just read both the US Constitution and the Federalist Papers which created that federal government in the first place. You know, the same founding fathers generating the same US Constitution that the anti federal taxes ultra conservatives supposedly support so very much!
By the way, here is the article of the US Constitution that gives the federal government the right to tax the people of the US. Note, that it is a part of the actual constitution, and not even an amendment to that constitution!
“The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;”
Please note that there is absolutely NO limit to the amount of taxes that the Congress of the US can levy upon the people of this country! So, if Congress would want to levy an inheritance tax of 100% on all inheritances, it has a perfectly legal right to do so by the US Constitution! So, just perhaps as the Congress does not levy such 100% tax, the criers and whiners among the ultra conervatives, should keep their bloody mounths quite, and their hands off of their keyboards !!
Simon_Jester about 9 years ago
You know there was never a more graphic illustration of how the right-wing Repubs are nothing more than mindless lemming than the first time the righties started pushing for the reduction of the inheritance tax.-—————————————-
The right-wing pundits and talk show hosts did this by first shamelessly re-labing the Inhertiance Tax as the, ‘Death Tax’ ( It’s not )Second they began pushing the message on everyone that when YOU die, YOUR kids won’t inherit all your hard earned money. ( Yah! Yah ! Yahhhhh! )The righties bought into it, and the inheritance tax was cut. Only afterwards did the full story come out; the inheritance tax only affected a small segment of the wealthiest Americans in the first place, the average joe didn’t have to pay it anyway.Now, most reasonable people who’ve been conned like that wouldn’t be too keen on anything else the person who deceived them had to say.Except the uber-cons are NOT reasonable people. Like I said, they’re mindless lemmings. To this day they continue to treat the words of the folks who hustled them on the inheritance task as Gospel from the Mount.
cdward about 9 years ago
What utter nonsense. The rich keep more and more. In point of fact, the inheritance tax is one of the most American taxes going – it’s not your money, you didn’t work for it. You didn’t earn it. It’s a gift. And gifts are taxable. We need MORE not less of it. Already, we’re going in the wrong direction, turning the ultra rich into a de facto nobility. And for crying out loud, the exemption rate is so high, you have to be filthy rich to even notice.
cdward about 9 years ago
What utter nonsense. The rich keep more and more. In point of fact, the inheritance tax is one of the most American taxes going – it’s not your money, you didn’t work for it. You didn’t earn it. It’s a gift. And gifts are taxable. We need MORE not less of it. Already, we’re going in the wrong direction, turning the ultra rich into a de facto nobility. And for crying out loud, the exemption rate is so high, you have to be filthy rich to even notice.
LizardPriest about 9 years ago
Whenever I’m faced with a tough problem, I always ask, “what would Conrad Hilton III do?” Then I scream at people that they’re peasants, lock myself in a bathroom and get stoned.
WestNYC Premium Member about 9 years ago
and tax, and tax, and tax . . . . . .
meetinthemiddle about 9 years ago
Actually the inheritance tax was signed into law by Teddy Roosevelt® who said you can have democracy or inherited wealth but not both.
Cerabooge about 9 years ago
Thank you. I was going to say the same thing, but poorly.
Motivemagus about 9 years ago
“No man should receive a dollar unless that dollar has been fairly earned. Every dollar received should represent a dollar’s worth of service rendered — not gambling in stocks, but service rendered. The really big fortune, the swollen fortune, by the mere fact of its size acquires qualities which differentiate it in kind as well as in degree from what is possessed by men of relatively small means. Therefore, I believe in a graduated income tax on big fortunes, and in another tax which is far more easily collected and far more effective — a graduated inheritance tax on big fortunes, properly safeguarded against evasion, and increasing rapidly in amount with the size of the estate.”Teddy Roosevelt, New Nationalism Speech, August 31, 1910http://teachingamericanhistory.org/library/document/new-nationalism-speech/
Kip W about 9 years ago
Conservatives: Excluding the middle in arguments AND socio-economic classes.
William Bednar Premium Member about 9 years ago
Well, of course YOUR inheritance will be taxed! After all, how will all those hard working congress people get paid? Besides, didn’t congress (both Senate and House) just vote themselves a hefty raise? That money has to come from somewhere, doesn’t it?
Simon_Jester about 9 years ago
I’ve been asked several times why I still read Harley’s posts.It’s because I feel it’s important to know what the average Republican is thinking.
Dtroutma about 9 years ago
The “inheritance tax” doesn’t begin to take all that wealth, no matter how big the stash might be. Which, interesting that many like Bill and Mellinda Gates have seen to it that their kids will get only a small cut of their wealth, NOT anyhwere near the whole thing. “Trading Places” with Akroyd and Murphy was actually a pretty good example of the picture of wealth grown beyond mere greed, and the manipulation process.
Simon_Jester about 9 years ago
In case you’re wondering WHAT the uber-rich are going to do with that money if the inheritance tax is elminated….[]http://www.salon.com/2014/01/24/the_obscene_lifestyles_of_the_global_super_rich_partner/
Simon_Jester about 9 years ago
Kindly keep your OWN words in your OWN mouth, junior!
Jason Allen about 9 years ago
“Get used to it, kid. With this government, you don’t really expect them not to take their cut. Be grateful you are even allowed to keep any of it.”Republican President Theodore Roosevelt heartily endorsed estate taxes. He said that it was un-American to come into wealth solely by inheriting it.
twclix about 9 years ago
That’s just goofy, even for you. I’m wealthy enough to worry about this issue and it’s impact on my kids. So I must be envious of myself? Silly boy.