How will eliminating the Estate Tax benefit the Middle class?

Discussion in 'Current Events' started by Syriusly, Sep 27, 2017.

  1. Syriusly
    Offline

    Syriusly Diamond Member

    Joined:
    Oct 15, 2014
    Messages:
    42,339
    Thanks Received:
    5,565
    Trophy Points:
    1,840
    Ratings:
    +16,044
    How.

    Specifically.

    Oh wait- like Trump- you like to make unsubstantiated claims and then run away.
     
  2. K9Buck
    Offline

    K9Buck Gold Member

    Joined:
    Dec 25, 2009
    Messages:
    3,075
    Thanks Received:
    406
    Trophy Points:
    160
    Ratings:
    +2,061
    I think the government should take 110% of the deceased's estate so that we can give it to foreign illegals because I'm a liberal and I put Americans last!
     
    • Funny and Agree!! Funny and Agree!! x 1
  3. K9Buck
    Offline

    K9Buck Gold Member

    Joined:
    Dec 25, 2009
    Messages:
    3,075
    Thanks Received:
    406
    Trophy Points:
    160
    Ratings:
    +2,061
    He's a communist. Everything belongs to the fucking government, even your soul.
     
  4. Spare_change
    Online

    Spare_change Gold Member

    Joined:
    Jun 27, 2011
    Messages:
    8,091
    Thanks Received:
    1,212
    Trophy Points:
    280
    Ratings:
    +5,672
    Oooh ---- you're stepping into uncharted territory, aren't you? I will use small words since, apparently, this is a new concept to you.

    It goes like this .... (in this scenario, you are middle class, and I am part of the 1%)

    If I gave you a hundred dollars, you would spend it. You would use it to buy a new mattress, a new car, a new tv. Each of those dollars is consumed - it pays a worker to make your tv, it pays a truck driver to ship the mattress. That dollar, in turn, is spent - the truck driver buys food, the worker buys new shoes. But here's what you seem to fail to understand.

    Every dollar is consumed. There is a point at which the economic recycling of that dollar becomes so small that it generates nothing. Every dollar spent in the economic cycle is lessened as it goes into its next cycle. For example, the $100 I gave you generates $30 worth of labor for somebody to produce products you consume. That $30 generates $9 of labor to produce the products for the next tier, $3 for the tier after that, $1 for the tier after that, and $0.30 for the tier after that.

    Now, give me that same $100. I invest it, because I don't need a new car, a new mattress, or a new tv. That $100 is invested into a company who uses it to open a new plant in Kentucky. That $100 doesn't cycle down - it cycles UP. I build a plant, I hire people, I produce products. The value of the plant goes UP. The value of the company goes UP. The company's income goes UP. They can invest MORE money in labor, materials, and jobs. The $100 I gave you ends up back in my pocket.

    The current liberal narrative has so dumbed down the process that some people actually believe that giving a tax break to a rich person means it ends up in his checking account, never to be used again. They believe that it is somehow removed from the economic cycle, never to used for anybody's benefit. Or, maybe it's used to buy a new yacht, a new Rolls, or a new mansion. It might be spent, but i can guarantee one thing - it isn't stuck in a bank account somewhere getting moldy.

    The simple fact is this - the middle class works for its money, and the wealthy makes their money work for them. There is a tipping point at which you no longer have to work to survive, you only have to put your money to work for you. The goal of the middle class shouldn't be to see how much they can get for nothing - their goal should be to reach that magic tipping point.

    You (the collective middle class) don't work for everything you get - you depend on the tax income from the wealthy to build your bridges, pave your highways, pay for your medical care, etc. You get something for nothing - and yet, you want to take MORE from those who give you that something. How does that make any sense to you at all? How can you look at yourself in the mirror each morning, and say "Well, it's another day of living off someone else." It makes no sense to me at all.
     
  5. Syriusly
    Offline

    Syriusly Diamond Member

    Joined:
    Oct 15, 2014
    Messages:
    42,339
    Thanks Received:
    5,565
    Trophy Points:
    1,840
    Ratings:
    +16,044
    Finally- you post what you really believe.
     
  6. Syriusly
    Offline

    Syriusly Diamond Member

    Joined:
    Oct 15, 2014
    Messages:
    42,339
    Thanks Received:
    5,565
    Trophy Points:
    1,840
    Ratings:
    +16,044
    Poor little contard- anyone to you is a communist who dares call Trump on his lies.
     
  7. Syriusly
    Offline

    Syriusly Diamond Member

    Joined:
    Oct 15, 2014
    Messages:
    42,339
    Thanks Received:
    5,565
    Trophy Points:
    1,840
    Ratings:
    +16,044
    Hardly- I can see that you are unused to being asked to explain you unsubstantiated assertions- so I do find your posts amusing.
     
  8. Spare_change
    Online

    Spare_change Gold Member

    Joined:
    Jun 27, 2011
    Messages:
    8,091
    Thanks Received:
    1,212
    Trophy Points:
    280
    Ratings:
    +5,672
    LOL ---- Oh, sarcasm, thou art a lost skill.
     
  9. Spare_change
    Online

    Spare_change Gold Member

    Joined:
    Jun 27, 2011
    Messages:
    8,091
    Thanks Received:
    1,212
    Trophy Points:
    280
    Ratings:
    +5,672
    I rest my case -

    My dad was right - never argue with idiots, they will drag you down to their level, and beat you with experience. I truly wish, in your case, that I had listened.
     
  10. Syriusly
    Offline

    Syriusly Diamond Member

    Joined:
    Oct 15, 2014
    Messages:
    42,339
    Thanks Received:
    5,565
    Trophy Points:
    1,840
    Ratings:
    +16,044
    You 'invest it'? Maybe you do- perhaps you buy up a vineyard in France. Perhaps you build a new plant in China.

    Or perhaps you 'park' your money in offshore banks that offer higher returns on investments.

    Or perhaps you buy a Greek made yacht from a broker in Majorca.

    That $100.00 you have can be used in the United States- where it might benefit the middle class, or it might be used in the United States to pay for your membership to Mar A Lago- where it will help benefit the seasonal workers from Eastern Europe brought in to work at the resort. Or you could invest it in Apple stock.......

    Or that $100 could be used for investments overseas- taken right out of the United States to be used to compete directly with American workers.

    What you can't do is predict with any accuracy how anyone will use their inheritance windfall.

    See- I can speculate as easily as you can- but I am not going to pretend my speculation is somehow proof of anything.

    For the last 20 years the wealthy have been getting wealthier, and the middle class have been getting poorer. If the wealthy getting more money in their pockets translates to more jobs and more money for the middle class- why hasn't this been happening for the last 20 years?
     
    • Winner Winner x 1

Share This Page