The estate tax can't deprive a decedent of his rights because he has none. He's dead. The dead already control the living from beyond the grave more than they should. The children of the rich have benefited from daddy's money with the best education money could buy and network opportunities most people can only dream about.
Repealing won't directly impact most of us or our heirs. Maybe it will matter to all of you BTC millionaires out there and Trump's kids. The tax starts at estates of $5.5 million for individuals and $11 million for couples. That's 2 out of every 1,000 estates in the USA.
Of course, the repeal may indirectly impact you because of lost tax revenues. Some people make an argument that the tax may hurt small business owners with assets tied up in their business, and maybe that should be a different issue. However, it's hard for me to work up about millionaires getting this tax break that my kids will probably never have to worry about.
I have always found the concept of an estate tax interesting. In a general sense, if we are for personal accountability how can we allow someone to be rewarded for merely being born to a family? The whole concept of inheritance should be disgusting to these individuals. One should expect people to exert the same tenacity and intellect they did to obtain their wealth, be it their offspring or a stranger. Yet somehow this odd notion of family overrides our principle of personal accountability. Perhaps it is more about personal liberty. If that be the case, how than can we justify private property rights? For example, surely a child born five generations from now will have less liberty than a child born five generations ago, for a child born does not generate an acre of new land. So the liberty of tomorrow’s poor must bend a knee before tomorrow’s land owners who potentially did nothing but be born into a family line of wealth. If only we could view our community as our family, perhaps in that society the estate tax would be celebrated not only by the community but also the children of the rich.
https://discord.gg/pGHjVtc to get on the show tonight.
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STOPThe estate tax can't deprive a decedent of his rights because he has none. He's dead. The dead already control the living from beyond the grave more than they should. The children of the rich have benefited from daddy's money with the best education money could buy and network opportunities most people can only dream about.
Repealing won't directly impact most of us or our heirs. Maybe it will matter to all of you BTC millionaires out there and Trump's kids. The tax starts at estates of $5.5 million for individuals and $11 million for couples. That's 2 out of every 1,000 estates in the USA.
Of course, the repeal may indirectly impact you because of lost tax revenues. Some people make an argument that the tax may hurt small business owners with assets tied up in their business, and maybe that should be a different issue. However, it's hard for me to work up about millionaires getting this tax break that my kids will probably never have to worry about.
More stats: https://steemit.com/politics/@theinsideout/the-impact-of-repealing-the-estate-tax
I have always found the concept of an estate tax interesting. In a general sense, if we are for personal accountability how can we allow someone to be rewarded for merely being born to a family? The whole concept of inheritance should be disgusting to these individuals. One should expect people to exert the same tenacity and intellect they did to obtain their wealth, be it their offspring or a stranger. Yet somehow this odd notion of family overrides our principle of personal accountability. Perhaps it is more about personal liberty. If that be the case, how than can we justify private property rights? For example, surely a child born five generations from now will have less liberty than a child born five generations ago, for a child born does not generate an acre of new land. So the liberty of tomorrow’s poor must bend a knee before tomorrow’s land owners who potentially did nothing but be born into a family line of wealth. If only we could view our community as our family, perhaps in that society the estate tax would be celebrated not only by the community but also the children of the rich.