Bucky
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Fri Jan-23-09 11:12 AM
Response to Original message |
| 21. Once they're dead, there shouldnt' much fuck left in them to tax |
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or is this proposal related to the Ticking Time-Bomb Scenario thread? |
| -A fair estate tax plan: Tax the fuck out of Billionaires when they die |
pilsner |
Jan-23-09 10:46 AM |
#0 |
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Why wait for them to die? |
Oregone |
Jan-23-09 10:47 AM |
#1 |
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exactly! |
robinlynne |
Jan-23-09 11:07 AM |
#19 |
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If you did that... |
naaman fletcher |
Jan-23-09 10:48 AM |
#2 |
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Hahahaha |
Stinky The Clown |
Jan-23-09 10:49 AM |
#3 |
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I guess, its true though.. |
naaman fletcher |
Jan-23-09 10:50 AM |
#7 |
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Spending it is fine by me. |
deadmessengers |
Jan-23-09 10:57 AM |
#14 |
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its a tradeoff between consumption and investment |
naaman fletcher |
Jan-23-09 11:10 AM |
#20 |
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Yes and no. |
Selatius |
Jan-24-09 05:40 PM |
#97 |
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In the first place, spending billions ain't easy, the most likely ways to do it are |
greyhound1966 |
Jan-23-09 01:04 PM |
#42 |
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When tax rates are high, the rich look for ways to reduce |
formercia |
Jan-24-09 08:43 AM |
#85 |
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Which is why we need a complete overhaul of the tax code. The first step; scrap the whole thing. |
Greyhound |
Jan-24-09 12:30 PM |
#87 |
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The good 'ol trickle down bullshit about rich folks. |
Ikonoklast |
Jan-23-09 03:40 PM |
#73 |
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what don't you understand? |
naaman fletcher |
Jan-23-09 11:51 PM |
#76 |
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If you think the wealthy leave their money in a 'bank' |
Ikonoklast |
Jan-24-09 12:39 AM |
#78 |
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i understand it well.. |
naaman fletcher |
Jan-24-09 02:26 PM |
#92 |
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Yeah, this is just what Madoff and Thain were thinking... |
JackRiddler |
Jan-24-09 08:09 PM |
#103 |
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I have absolutley no idea |
naaman fletcher |
Jan-26-09 11:08 AM |
#106 |
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The modern-day capital markets serve the purpose... |
JackRiddler |
Jan-26-09 12:36 PM |
#108 |
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ok.. |
naaman fletcher |
Jan-26-09 01:56 PM |
#110 |
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Do we need capital markets? |
JackRiddler |
Jan-26-09 02:09 PM |
#111 |
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that's two different issues.. |
naaman fletcher |
Jan-26-09 02:26 PM |
#112 |
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and all those billionaires keep all thier money in American banks, right? |
Donnachaidh |
Jan-24-09 08:01 AM |
#83 |
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it doesn't matter all that much.. |
naaman fletcher |
Jan-24-09 02:27 PM |
#93 |
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Apparently you don't understand how our monetary system works. |
Greyhound |
Jan-24-09 12:24 PM |
#86 |
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I understand it well.. |
naaman fletcher |
Jan-24-09 02:27 PM |
#94 |
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"Money in a bank account gets loaned out to others to buy houses, start businesses, etc." |
Greyhound |
Jan-24-09 03:00 PM |
#95 |
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of course, |
naaman fletcher |
Jan-26-09 11:09 AM |
#107 |
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Which is why it's a good policy. Hoarding wealth is not good for the economy. |
anonymous171 |
Jan-24-09 12:30 AM |
#77 |
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Great! |
JackRiddler |
Jan-24-09 12:46 PM |
#88 |
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"$30million"...??? |
QuestionAll |
Jan-23-09 10:50 AM |
#4 |
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Better Plan |
zorahopkins |
Jan-23-09 10:50 AM |
#5 |
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Is that what Warren Buffett and Bill Gates did? |
mainer |
Jan-23-09 12:20 PM |
#32 |
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Gates, definitely yes. Buffet is arguable. |
greyhound1966 |
Jan-23-09 01:07 PM |
#43 |
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Then a good chunk of Congress has committed "great crimes" |
guardian |
Jan-23-09 01:54 PM |
#60 |
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Of course they have. Pelosi and Feinstein alone could fill a page with |
Greyhound |
Jan-23-09 02:13 PM |
#61 |
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Yeah, that John Kerry! Lock him up for marrying the wrong woman... |
mainer |
Jan-23-09 02:36 PM |
#64 |
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Look into the history of the Heinz corporation, you will find the crime. n/t |
Greyhound |
Jan-23-09 03:39 PM |
#72 |
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OMG, you just discovered the ruling class... |
JackRiddler |
Jan-24-09 12:48 PM |
#89 |
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Buffet didn't get rich committing crimes.. |
naaman fletcher |
Jan-23-09 02:20 PM |
#62 |
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As I said, he is arguable. Berkshire-Hathaway frequently does good for |
Greyhound |
Jan-23-09 02:37 PM |
#65 |
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Nah. That would just encourage them to launder it. |
Occam Bandage |
Jan-23-09 10:50 AM |
#6 |
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Good! They should spend that money! Circulate it back into the economy instead of hoarding it! |
w4rma |
Jan-23-09 10:53 AM |
#11 |
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Rotting in a bank? Where it can be used to fund other businesses? |
mainer |
Jan-23-09 12:17 PM |
#29 |
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I personally would like to see graduation. |
deadmessengers |
Jan-23-09 10:51 AM |
#8 |
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The problem with a graduated estate tax |
pilsner |
Jan-23-09 10:55 AM |
#12 |
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That's a problem with Congress, not with graduation |
deadmessengers |
Jan-23-09 10:56 AM |
#13 |
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Tax 'em to death right now |
Stinky The Clown |
Jan-23-09 10:51 AM |
#9 |
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Bad Idea |
BanTheGOP |
Jan-23-09 12:22 PM |
#34 |
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And the differece between 30 million and the 10 your postulate as correct |
Stinky The Clown |
Jan-23-09 12:40 PM |
#38 |
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Frankly, it's more of a psychological amount |
BanTheGOP |
Jan-23-09 12:53 PM |
#40 |
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That right, lets wipe out George Soros bank acount |
Thothmes |
Jan-23-09 03:32 PM |
#71 |
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Gotta start some place |
Stinky The Clown |
Jan-23-09 03:46 PM |
#74 |
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if that would mean getting at Prescott Bush's *fortune* too, go for it. |
Donnachaidh |
Jan-24-09 08:06 AM |
#84 |
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Oh, what would the world do without the glorious humanitarian billionaires... |
JackRiddler |
Jan-24-09 12:50 PM |
#90 |
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How many bucks has Soros or Kennedys given to the causes |
Thothmes |
Jan-24-09 05:58 PM |
#98 |
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Zero. |
JackRiddler |
Jan-24-09 06:50 PM |
#101 |
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How many bucks have Scaife, Coors, etc. given to fight |
hay rick |
Jan-24-09 07:00 PM |
#102 |
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I'm all for taxing the evil, rich bastards. |
Xenotime |
Jan-23-09 10:52 AM |
#10 |
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Tax the heirs... |
TreasonousBastard |
Jan-23-09 10:58 AM |
#15 |
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Amen. This country was founded partly as a reaction to landed gentry. |
Coventina |
Jan-23-09 11:01 AM |
#17 |
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Naw! Let's leave it for their spoiled spawn. |
kentuck |
Jan-23-09 10:59 AM |
#16 |
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That's the ticket! |
ShortnFiery |
Jan-23-09 11:02 AM |
#18 |
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Once they're dead, there shouldnt' much fuck left in them to tax |
Bucky |
Jan-23-09 11:12 AM |
#21 |
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Wealth tax. 5% of anything over a million. Each year. |
Clear Blue Sky |
Jan-23-09 11:17 AM |
#22 |
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Interesting.. |
naaman fletcher |
Jan-23-09 11:48 AM |
#23 |
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So the family that bought early in California and now has a $1M house |
HardcoreProgressive |
Jan-23-09 12:09 PM |
#26 |
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I'm not entirely disagreeing with you, but with this type of tax structure you would |
greyhound1966 |
Jan-23-09 01:21 PM |
#45 |
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Prop 13, like many of our tax laws, had good goals and lousy implementation |
HardcoreProgressive |
Jan-23-09 01:44 PM |
#52 |
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Including real estate? |
mainer |
Jan-23-09 12:12 PM |
#27 |
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Inflation makes this punitive and unproductive... |
JackRiddler |
Jan-24-09 12:54 PM |
#91 |
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Great Post! |
terisan |
Jan-23-09 11:51 AM |
#24 |
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Going to have to fix a number of laws and the tax system first. |
HardcoreProgressive |
Jan-23-09 12:07 PM |
#25 |
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So lets use your idea for a minute... |
Belial |
Jan-23-09 12:16 PM |
#28 |
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And when the current have-nots become the haves... |
mainer |
Jan-23-09 12:18 PM |
#30 |
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Ahhh... perhaps the poor? The jobless? The homeless? |
BanTheGOP |
Jan-23-09 12:18 PM |
#31 |
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ahh.. so punish the many because of a few? |
Belial |
Jan-23-09 12:44 PM |
#39 |
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"Tax the Rich. Feed the Poor. Til there are no Rich No More" |
leftstreet |
Jan-23-09 12:22 PM |
#33 |
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The commons and a rising basic living standard. |
greyhound1966 |
Jan-23-09 01:24 PM |
#46 |
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Is it really that hard to figure out? |
Hugabear |
Jan-23-09 01:49 PM |
#58 |
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ME!!!!!!!!! |
olegramps |
Jan-24-09 06:03 AM |
#80 |
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Sure, you too!!!! |
JackRiddler |
Jan-24-09 08:17 PM |
#104 |
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I think tax level is less of an issue than tax enforcement here. |
Donald Ian Rankin |
Jan-23-09 12:22 PM |
#35 |
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Both are absolutely valid. |
greyhound1966 |
Jan-23-09 01:30 PM |
#48 |
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Not enforcement, revision. The people paying very little are following the law |
HardcoreProgressive |
Jan-23-09 01:45 PM |
#54 |
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taxing the rich? |
madrchsod |
Jan-23-09 12:31 PM |
#36 |
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This would pretty much wipe out many retirement plans |
mainer |
Jan-23-09 12:36 PM |
#37 |
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Under a just retirement system... |
BanTheGOP |
Jan-23-09 12:55 PM |
#41 |
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I already contribute to a "general fund." It's called Social Security. |
mainer |
Jan-23-09 01:32 PM |
#49 |
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You are forgetting... |
BanTheGOP |
Jan-23-09 01:39 PM |
#51 |
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Retirees already get subsidized health care -- Medicare. |
mainer |
Jan-23-09 01:46 PM |
#55 |
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A comprehensive single-payer health care system... |
BanTheGOP |
Jan-23-09 03:50 PM |
#75 |
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Your scenario assumes $1,000,000 sitting in a safe as cash. That is not how |
greyhound1966 |
Jan-23-09 01:38 PM |
#50 |
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We all now know that 3% isn't guaranteed. |
mainer |
Jan-23-09 01:45 PM |
#53 |
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Government bonds are guaranteed and that's the kind of investment you make |
Greyhound |
Jan-23-09 02:34 PM |
#63 |
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And that's what I've been doing. |
mainer |
Jan-23-09 02:38 PM |
#66 |
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I didn't know you were a billionaire. I guess you'll just have to eek out an existence |
Greyhound |
Jan-23-09 02:40 PM |
#67 |
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I'm responding to the "5% wealth tax for anything over a million" |
mainer |
Jan-23-09 02:42 PM |
#68 |
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OIC, sorry. I thought this was still about the 90% estate tax. |
Greyhound |
Jan-23-09 02:50 PM |
#69 |
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btw, getting Alzheimers costs way more than $50,000 a year. |
mainer |
Jan-23-09 01:48 PM |
#57 |
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Why couldn't government do that? |
Hugabear |
Jan-23-09 01:51 PM |
#59 |
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"Permanent exemption level" would be the kiss of death - think Alternative Minimum Tax |
ThomWV |
Jan-23-09 01:12 PM |
#44 |
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All that would do is raise prices on goods and services for all us peons. n/t |
Contrary1 |
Jan-23-09 01:28 PM |
#47 |
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If progressive taxation is hopeless, then shouldn't we just give up and all become Pubs? nt |
Romulox |
Jan-23-09 01:47 PM |
#56 |
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Surely there are other options... |
blindpig |
Jan-26-09 02:31 PM |
#113 |
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Reich-wing propaganda, just like it's retarded cousin "corporations don't pay taxes". |
Greyhound |
Jan-23-09 02:54 PM |
#70 |
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That's . . . er. . . . kind of silly. |
HughBeaumont |
Jan-24-09 07:34 AM |
#82 |
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Adjust the exemption levels to inflation to be fair |
Blue Dog Dominion |
Jan-24-09 04:03 AM |
#79 |
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$3.5M exemption would affect one half of one percent of estates |
TorchesAndPitchforks |
Jan-24-09 07:17 AM |
#81 |
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Q) Who DOESN'T want to be a Millionaire? |
Blue Dog Dominion |
Jan-24-09 05:25 PM |
#96 |
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Exempt $15 million individual, $30 million for a couple |
pilsner |
Jan-24-09 06:06 PM |
#99 |
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Married people should not get higher exemptions |
Blue Dog Dominion |
Jan-24-09 06:15 PM |
#100 |
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He didn't propose that. If one person gets $15 mil, shouldn't two get $30 mil? |
Egalitariat |
Jan-26-09 01:08 PM |
#109 |
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...or a multiple of the minimum wage. |
yowzayowzayowza |
Jan-24-09 11:24 PM |
#105 |
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