Joel Pett by Joel Pett

Joel Pett

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  1. Mephistopholes

    Mephistopholes GoComics PRO Member said, 3 days ago

    The inheritance tax is the worst form of class warfare.

    The Have-nots can’t wait to swoop in and feast on the carcass of a family that managed to live within their means and want to leave the remainder to their children to help them after they have passed.

    For Every Paris Hilton (The poster child that the progressives point to as unfairly inheriting her wealth) there are thousands of families who grew a business, a farm, a nest egg and that money should go to the rightful heirs who sacrificed along with their parents.

    Wealth doesn’t appear by luck. It grows from a family that works hard, makes the right decisions, foregos lavish expenditures. The very people who want to swoop in and take that wealth are the ones who didn’t do those things or sanctimoniously want to do it for others.

  2. Jase99

    Jase99 GoComics PRO Member said, 3 days ago

    @Mephistopholes

    “The inheritance tax is the worst form of class warfare.”

    “The absence of effective State, and, especially, national, restraint upon unfair money-getting has tended to create a small class of enormously wealthy and economically powerful men, whose chief object is to hold and increase their power. The prime need to is to change the conditions which enable these men to accumulate power which it is not for the general welfare that they should hold or exercise. We grudge no man a fortune which represents his own power and sagacity, when exercised with entire regard to the welfare of his fellows. Again, comrades over there, take the lesson from your own experience. Not only did you not grudge, but you gloried in the promotion of the great generals who gained their promotion by leading their army to victory. So it is with us. We grudge no man a fortune in civil life if it is honorably obtained and well used. It is not even enough that it should have been gained without doing damage to the community. We should permit it to be gained only so long as the gaining represents benefit to the community.”
    — Theodore Roosevelt

  3. Jase99

    Jase99 GoComics PRO Member said, 3 days ago

    Theodore Roosevelt was a wealthy Republican who advocated for, and helped create, the very estate tax wealthy Republicans now seek to end. Roosevelt thought it was outright unamerican to acquire your wealth solely through inheritance. But I guess he was just engaging in “class warfare” as well.

    Fun fact: Theodore Roosevelt was also a staunch conservationist who created the National Park system. Hard to believe that conservatives used to conserve the environment.

  4. JmcaRice

    JmcaRice GoComics PRO Member said, 3 days ago

    People who accumulate a small nest egg have already paid taxes in some form during their lifetime. When they die, should the government demand that whatever assets are left be consficated in order to serve ‘the greater good’ ?

  5. JmcaRice

    JmcaRice GoComics PRO Member said, 3 days ago

    The Democrats would love to have the inheritance tax rate set at 100% with no minimum exemption. All monetary and personal items (family heirlooms) would be seized upon death to be ‘resdistributed’ to those who did not save for a rainy day.

  6. Balto Bill

    Balto Bill said, 3 days ago

    @JmcaRice

    If that’s what you really believe, then you’ve lost all touch with reality.

  7. logicalone

    logicalone said, 3 days ago

    @Mephistopholes

    Quite true. The funny thing is that Paris Hilton works! She has actually made more than she leached off her parents. As tacky as she is, she is to be admired for “doing something” instead of just laying around on her parent’s (grandparents) laurels.

  8. ODon

    ODon said, 3 days ago

    @JmcaRice

    When you reap a capital gain you are liable for a tax on that earning. Why should you be able to inherit that capital gain at a stepped up basis?

  9. cdward

    cdward said, 3 days ago

    @JmcaRice

    It would be great if you understood the situation. The inheritance tax is probably the most American tax because it requires people to work for their money, not get it from mummy and daddy. It helps us avoid a de facto nobility, inheriting wealth and power just for being part of the right family. And remember, it doesn’t even apply to smaller inheritances – I think it kicks in at a million dollars. I can afford to pay tax on a million dollars I didn’t work for.

  10. carlmi

    carlmi GoComics PRO Member said, 3 days ago

    No, look at the Kennedy estate. Democrats talk about taxing the rich but set up the tax code so it can be avoided by those who have money for lawyers and accountants.

  11. SpicyNacho

    SpicyNacho GoComics PRO Member said, 3 days ago

    @cdward

    Would you be that willing to pay that tax, if you were really in that position? Why not do good with it and invest in the community the way you want to. We’ll never know. Why would you want to give up money that was already taxed once, so gov’t could tax and waste it again.
    -
    It is not an American tax, it is a politicians (mostly democratic) money grab so they can buy their way into re-election and stay in power.
    -
    A family that loses the family business because they can’t pay the tax sells out to big business and doesn’t grow and create jobs that they may have with the additional capital. They go on the take and start over from scratch. That must be Obama’s transformed America. I don’t see it as American.

  12. nance19oped

    nance19oped said, 3 days ago

    @JmcaRice

    What do you consider a “small nest egg”?
    This is over $5 MILLION now; even in 2004 it was $1.5 MILLION.
    And this means this is the EXEMPT amount – no taxes until you get OVER this amount for your “small nest egg”.
    Plus there are ways to protect assets (trust funds, joint ownership for small businesses and farms, etc.).

  13. nance19oped

    nance19oped said, 3 days ago

    @SpicyNacho

    Without consulting an accountant or lawyer I can think of several ways that a small business or farm can be protected, and I am not the most financially savvy person in the world.
    If you have a business or farm worth over $ FIVE MILLION, you can afford an accountant. Then deduct it as a business expense.

  14. mdavis4183

    mdavis4183 GoComics PRO Member said, 3 days ago

    Less than 14% of wealth in America is inherited. The “rich” Pett hates pay most of the FIR and own 19% of the wealth. Exactly why should someone who started off poor and made millions in their lives have their heirs penalized?

  15. logicalone

    logicalone said, 3 days ago

    In our new world, you can just marry your mom or dad and keep the money as a spouse. Should incest laws apply for gays since there is no chance of inbred children?

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