said by Plldwnyrpnts:said by Ahrenl:It's called the estate tax, and generally you only pay if the estate net worth is X million dollars. Recently they were trying to bump it to 10, and I'm not sure if they pushed that through. Some of the richest people in the world back this tax, and list it as a debt owed to the society that allowed them to be prosperous. It's hard to argue that people who did nothing but be related to someone who worked hard for a lot of money should only be entitled to half of it. boo hoo.
Large amounts of inherited wealth generally do more harm than good, especially in the extremes.
It's complete and utter bullshit! There is no way in hell, just because I didn't earn it, the government should be allowed to take half of it. Explain to me WHY the government is entitled to it. They sure as hell didn't work hard for it.
Fortunately I don't/won't have this problem as me and my family are BROKE! And the rich and the politicians are the ones that are setting this crap up, so it's basically for themselves. But at the same time, think about how many people this has kept from joining that elite group of wealthy snobs. Maybe that's the whole point to that tax (sneaks in conspiracy theory.)
The government is the people's stewart who provided the environment that enabled the accumulation of the large amount of wealth. I'd say the environment did a heck of a lot more to earn it than you did. I do think all tax programs with exemption limits should be inflation adjusted, and that 2m is too low. Also there should be an exemption if say 70% or more of the value is due to a small (under 50m) business or single real estate holding.
