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View Diary: UPDATE: Wealth Tax -- Solve the Piketty Dilemma With Amendment XXVIII Intangible Property Tax (110 comments)

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  •  "Silly" ??? (1+ / 0-)
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    johnny wurster

    And why would family trusts be exempted ?

    Limiting inheritance to $10-million is fine in theory, but this is a bald redistribution. A taking from the wealthy on that scale -- far less likely than an Amendment that tops out at 2% on billionaires.

    This is not going to happen tomorrow. But the income tax amendment took 20 years to get through. It was "silly" back then, except for the Progressives.

    "Stealing kids' lunch money makes them strong and independent." -- Ryan Paul von Koch

    by waterstreet2013 on Mon Apr 21, 2014 at 06:37:24 AM PDT

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