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jaxexpat

(6,795 posts)

23. ........and the moment their pricing becomes insupportable, competition will correct them.

Wed Apr 21, 2021, 02:36 PM

Apr 2021

That is, of course, provided their wealth has not already bought the government and had legislation crafted to eliminate the effects of competition.

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47 replies

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Bernie Sanders: How to raise trillions without hiking taxes on working Americans [View all] Donkees Apr 2021 OP

I am against all taxes on inheritance. marie999 Apr 2021 #1

I'm for 100% tax on inheritance over multigraincracker Apr 2021 #2

In many cases that could be a double tax. marie999 Apr 2021 #4

Specious argument. Once someone dies, they're done paying taxes. Sibelius Fan Apr 2021 #5

Not only that, but by that same logic corporations shouldn't pay taxes GregariousGroundhog Apr 2021 #6

On money already taxed. The whole family pays that tax. marie999 Apr 2021 #7

You get paid. You pay taxes on the gross amount. Sibelius Fan Apr 2021 #8

No--a tax on income and a tax on sales are two different things. lastlib Apr 2021 #15

How about this? You earn $1000, pay your 10% income tax. rgbecker Apr 2021 #18

Exactly. Just like a tax on income and a tax on inherited wealth are two separate things. Sibelius Fan Apr 2021 #22

Hmmm, so if I understand your objection it is that money should only be taxed once. AndyS Apr 2021 #13

heirs who may not have worked for those billions.... only born into tremendous wealth Trueblue1968 Apr 2021 #25

Then create an inheritance trust law. Volaris Apr 2021 #32

It is not a double tax. The deceased earned the money not the beneficiaries...and we don't need Demsrule86 Apr 2021 #41

$500,000 is way too low. If you have a home that you want to pass along in my neck of the woods, Dream Girl Apr 2021 #9

+1 Celerity Apr 2021 #10

Everyone wants free money. multigraincracker Apr 2021 #17

Why are you against all forms of inheritence taxation? Red Oak Apr 2021 #16

Italy is the international poster child for the socio-economic disaster of government by oligarchy. jaxexpat Apr 2021 #19

Some of those that inherited great multigraincracker Apr 2021 #29

we should make sure that its not so big that they choke on it. Volaris Apr 2021 #33

So you want a class of people who never have to contribute a dime to federal taxes... Hassin Bin Sober Apr 2021 #26

K&R! nt Carlitos Brigante Apr 2021 #3

Corporations are not people UpInArms Apr 2021 #11

I agree; and lets use a Debt Tax. Volaris Apr 2021 #34

I like how you think UpInArms Apr 2021 #38

Let It Be So colsohlibgal Apr 2021 #12

Corporations will have no choice but to maintain profitability by raising prices bucolic_frolic Apr 2021 #14

........and the moment their pricing becomes insupportable, competition will correct them. jaxexpat Apr 2021 #23

Competition raises prices for all producers bucolic_frolic Apr 2021 #24

Huh? I live in a pretty simple world. jaxexpat Apr 2021 #46

Just like when taxes are lowered and they cut prices! Lucky Luciano Apr 2021 #28

Then Capitalism is not based on multigraincracker Apr 2021 #30

Transaction tax: Why don't people have to pay sales tax when buying stock shares like everyone else? rgbecker Apr 2021 #20

"a progressive estate tax rate starting at 45% on inherited wealth of more than $3.5 million" DFW Apr 2021 #21

He's not talking primarily about taxing billionaires. People with estates greater than $3.5 million pnwmom Apr 2021 #27

That's way more than I have multigraincracker Apr 2021 #31

It makes sense that someone with no kids who plans on leaving everything to charity wouldn't care.nt pnwmom Apr 2021 #35

Here's Why Warren Buffett Won't Leave All His Billions To His Kids: 'It's Harmful' multigraincracker Apr 2021 #36

Of course. But again, you're comparing a billionaire to someone with a few million. pnwmom Apr 2021 #37

3.5 million is just a starting point...2 million lower than the current exemption questionseverything Apr 2021 #39

Check your math. The current exemption is $11.7 million per person. pnwmom Apr 2021 #40

You are correct, I forgot about the former guy more than doubling the exemption questionseverything Apr 2021 #42

There are a range of possibilities, especially focussing on large, multinational corporations pnwmom Apr 2021 #43

So maybe a progressive inheritance tax? questionseverything Apr 2021 #44

Another possibility is a VAT. The revenues from that would be collected here pnwmom Apr 2021 #45

Suggestion: Write a bill, drum up support for it, get it passed and send it to the President. George II Apr 2021 #47