Rich Scumbag Wants To Cut Taxes For Rich Scumbags

[Minimalist]

Yes, the real issue is that lots of people have gotten fooled into thinking that a tax on unearned income is a death tax.

The fact at the heart of inheritance tax is that by far the vast majority of people get rich not by the sweat of their own brows (nor even the sweat of other people's brows) but by inheriting the family silver. And in quite a lot of cases that family silver has never been taxed  either as a capital tax or tax on earnings made from the capital. Therefore one of the few ways to ensure that rich people pay at least some taxes is to slap a tax on inherited wealth.

And that is why, also, up until very recently inheritance taxes were popular with most people, because they understood what they were for.

Not fooled, my money was made/earned and taxed (and still is). Sorry, it's double dipping.

I didn't know you were one of the elite 5,300.  You honor us with your presence.  



https://www.nytimes.com/2017/04/27/us/po...c=rss&_r=0

Repealing the estate tax, for example, would affect just 5,300 or so fortunes a year. For 2017, couples can shield up to $11 million of their estates from any taxation, leaving only the largest inheritances subject to taxation. Repealing the estate tax alone would cost an estimated $174.2 billion over a decade, the nonpartisan Tax Policy Center said.

I don't think any of the motherfuckers will be starving to death on the streets.... unlike so many of the poor and formerly middle class!