Skip to main content

View Diary: The Rich Desperately Need Much Higher Taxes (40 comments)

Comment Preferences

  •  I think there should be a 100% estate tax. (4+ / 0-)
    Recommended by:
    jbilger, freelunch, SueDe, Kurt from CMH

    With a $5M or something exemption.  This has numerous advantages:

    1.  Encourages anyone with over $5M to spend and/or give to charity to get below that level, creating the demand we so desperately need;
    1.  No more landed aristocracy (bonus - avoids the mis-adventures of the Paris Hiltons of the world);
    1.  A large influx of tax revenue from the rich who die without getting rid of or protecting their money;
    1.  A $5M gift to start a business or a $5M share in a current company is more than what 99.9999% of people get.  The kids of the rich will have a huge leg up, so they should not complain; and
    1.  No one deserves to be a multi-millionaire because they happened to have been the little sperm that could and managed to fertilize the right egg.  And really, for those with inherited wealth this is often the most impressive thing they have ever done.

    Republican Platform = Fear, Anger, and Hate. Oddly their God preached against those very traits.

    by TexDemAtty on Fri Nov 19, 2010 at 06:46:33 PM PST

    •  One of the only good things (0+ / 0-)

      to come out of this Great Recession is the truth put to the lies about the estate tax, and how the children of the rich deserve to inherit mega-sums from their parents, along with the yada yada yada of how these people use their wealth to employ the rest of us.  I don't think anyone really believes that malarky anymore, although the rich - and particularly the wealthy - continue to do their damndest to keep that canard alive.

      "In this world of sin and sorrow there is always something to be thankful for; as for me, I rejoice that I am not a Republican." - H. L. Mencken

      by SueDe on Fri Nov 19, 2010 at 08:42:35 PM PST

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site