How will eliminating the Estate Tax benefit the Middle class?

[2aguy]

Your final assumption (declaration?) is intrinsically false. Labor, like any other resource, is priced according to its contribution to the final product. If you are willing to pay an extra $10,000 for an American-made car, then labor has a higher value. If you are willing to pay an extra $11 for an American-made shirt, then labor has a higher value.

You seem to be under the misconception that labor is an arbitrary value - independent of all other factors. It isn't - it is directly related to the willingness of the consumer to pay a particular price for a particular product. Producers are willing to pay workers exactly as much as the consumer is willing to pay for the product - after costs, after resources, and after a fair profit for those who took the risk of investing.

Now, as to your "... wealthy have been getting wealthier, and the middle class have been getting poorer." The wealthy have increased their wealth, that is true - but HOW have they increased their wealth? They have invested their money, and recouped a return. They bought stock, they bought insurance, they bought property ... and they have been rewarded. "Their money works for them". They have put their money to work in markets that get them the highest return. That would seem to be the eminently logical approach, don't you think?

The middle class, on the other hand, has stagnated. They haven't increased their education levels or technical capabilities. They haven't been willing They somehow believe that buggy whip makers should make more money, regardless of the call of the market. They, simply, have not increased the value of the product THEY sell - their labor. "They have to work for their money."

About the rest of your post - you're right . All those things COULD happen. But, they don't. Yes, you will find some millionaire somewhere who bought a Greek yacht, but then you realize he is docking it in Miami, he is hiring people to guard it, to maintain it, to operate it. All those people are contributing to the US economy, just like all your "seasonal Eastern European workers" at Mar-a-Lago.

You need to deal in reality - not in fictional scenarios created to justify a spurious position.

"You need to deal in reality - not in fictional scenarios created to justify a spurious position"

Funny you say that- while at the same time you provide absolutely nothing to back up your justify your spurious position.

As for my 'final' assumption- I didn't mention the value of labor. That is your strawman.

Producers are willing to pay workers exactly as much as the consumer is willing to pay for the product - after costs, after resources, and after a fair profit for those who took the risk of investing.

No- producers are willing to pay workers as low as they can get away with- just as consumers will pay as low as they can get away with. "Fair profit"- really? What is a 'fair' profit? A producer will get as much profit- or lose as much money- as the market circumstances dictate. In a bad year, a producer may be losing money while in a good year, a producer may be raking in the dough- there is nothing 'fair' about Capitalism- the market doesn't care about 'fair'.


The wealthy have increased their wealth, that is true - but HOW have they increased their wealth? They have invested their money, and recouped a return. They bought stock, they bought insurance, they bought property ... and they have been rewarded. "Their money works for them". They have put their money to work in markets that get them the highest return. That would seem to be the eminently logical approach, don't you think?

Certainly the wealthy have 'invested' their money. Some have bought real estate and profited by the boom in rising housing prices. Some have bought stocks in existing companies- hence the stock market boom. They have put their money to work- certainly- but that doesn't automatically- as we have seen in the last 20 years- translate into a benefit for the middle class.

Investments outside the United States not only do not benefit the American middle class, they provide capital for companies to compete against the American middle class. Yes- those producers are putting their money to work- and that doesn't mean it will benefit the American middle class.

Nor am I saying that investment must benefit the middle class. That has never been my position.

My position is that Trump and the Republicans are lying to the American people by claiming that this package of tax cuts is specifically to benefit the middle class and to create jobs.

The Estate tax does not specifically do either. Yes- there may be some trickle down benefit- but you can't quantify it- nor have you even attempted to provide any facts to support your spurious position that eliminating the Estate Tax is for the benefit of the middle class.

Eliminating the Estate tax is primarily to benefit the wealthiest Americans- and one of the biggest beneficiaries to the elimination of the Estate tax would be the family of Donald Trump.

If you want to show how the middle class will benefit from the elimination of the estate tax- well provide real numbers- Middle class means singles making between $24,000 and $72,000 annually are middle class.

70% of Americans consider themselves middle class—but only 50% are

How much will a single person making $72,000 benefit from the elimination of the Estate Tax?

I will defend to the death your right to be deluded and wrong.

Well thank you for supporting my right to free speech.

I will defend your right to post your delusional nonsense here at USMB while at the same time pointing out that you have been completely unable to provide any evidence that eliminating the estate tax will benefit ANY American in the middle class.

But it sure will benefit Trump's heirs.

If you want to understand how it works - I suggest you start here: Economics and finance | Khan Academy.

LOL- is that your concession that you can't find any study that supports your claim that eliminating the Estate tax will benefit the working class?

First, it doesn't have to help the working class or anyone else...he earned the money, he should give it to whoever he wants when he dies...

Just how difficult is that concept for you numb nuts to understand?

And his children getting that money does help other people...they will invest that money and create jobs.....and even if they took all that money, piled it in the street and set it on fire...it is their money if he leaves it to them...not yours, not the greedy politicians in Washington.......

 

[Syriusly]

Trump’s Tax Plan Cuts Rates for Individuals and Corporations and Eliminates Many Deductions

“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”

The Estate tax in 2017 only applies to estates of $5,490,000 or more. If Donald Trump died tomorrow Melania, as his spouse, would still not have to pay any estate taxes on Donald's supposed $10 billion dollars- because of the spousal exemption. If both of them died tomorrow- then yes- his kids would face estate taxes.

How does eliminating the estate tax benefit 'working people'? How does it generate jobs?

Provisions such as the alternative minimum tax and the estate tax, a tax on inherited wealth which Mr. Trump has derided over the years, would be gone under the Republican proposal.

How does it do anything but benefit the families of the wealthiest Americans?

Save me the arguments that the Estate tax is 'unfair'- Trump and the Republicans are claiming these tax cuts are all about generating jobs and benefiting the middle class- if you want to claim that the reason to eliminate the estate tax is because the tax is 'unfair'- then go ahead and admit that Trump and the Republicans are lying to Americans about what the tax cuts are for- and who they are supposed to benefit.

What do you get out of it if they leave the estate tax the way it is?

“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”

How does eliminating the estate tax benefit 'working people'? How does it generate jobs?

It doesn't and we all know it...the problem with Trump, for some ungodly reason, he thinks because his Klan rallies are packed, he seems to think they represent not just the stupid who will support and buy into anything he says, he seems to think, its a representation of all 300 mil. americans. Its a fact, the old guy is dilusional and its his rational that thinks that. Bad, very bad.

He doesn't have klan rallies..

Now Klan members like you just say that blacks are the racists.

 

[2aguy]

Trump’s Tax Plan Cuts Rates for Individuals and Corporations and Eliminates Many Deductions

“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”

The Estate tax in 2017 only applies to estates of $5,490,000 or more. If Donald Trump died tomorrow Melania, as his spouse, would still not have to pay any estate taxes on Donald's supposed $10 billion dollars- because of the spousal exemption. If both of them died tomorrow- then yes- his kids would face estate taxes.

How does eliminating the estate tax benefit 'working people'? How does it generate jobs?

Provisions such as the alternative minimum tax and the estate tax, a tax on inherited wealth which Mr. Trump has derided over the years, would be gone under the Republican proposal.

How does it do anything but benefit the families of the wealthiest Americans?

Save me the arguments that the Estate tax is 'unfair'- Trump and the Republicans are claiming these tax cuts are all about generating jobs and benefiting the middle class- if you want to claim that the reason to eliminate the estate tax is because the tax is 'unfair'- then go ahead and admit that Trump and the Republicans are lying to Americans about what the tax cuts are for- and who they are supposed to benefit.

And who cares if it helps he middle class.......

Once again demonstrating you don't care that Trump and the Republicans are lying to Americans.

“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”

If Donald Trump is really worth $10,000,000,000- his estate under current law would have estate taxes on roughly $9,990,000,000- under his new plan- that will be of 'very little benefit for people of wealth- his children will benefit to the tune of about $4,000,000,000.

And the working people won't benefit at all.

Of course you don't care if Trump is lying. Why would you start now?

Did the "Working People" make that money?

Once again demonstrating you don't care that Trump and the Republicans are lying to Americans.

“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”

If Donald Trump is really worth $10,000,000,000- his estate under current law would have estate taxes on roughly $9,990,000,000- under his new plan- that will be of 'very little benefit for people of wealth- his children will benefit to the tune of about $4,000,000,000.

And the working people won't benefit at all.

Of course you don't care if Trump is lying. Why would you start now?

He doesn't benefit if he's dead moron.

 

[2aguy]

Trump’s Tax Plan Cuts Rates for Individuals and Corporations and Eliminates Many Deductions

“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”

The Estate tax in 2017 only applies to estates of $5,490,000 or more. If Donald Trump died tomorrow Melania, as his spouse, would still not have to pay any estate taxes on Donald's supposed $10 billion dollars- because of the spousal exemption. If both of them died tomorrow- then yes- his kids would face estate taxes.

How does eliminating the estate tax benefit 'working people'? How does it generate jobs?

Provisions such as the alternative minimum tax and the estate tax, a tax on inherited wealth which Mr. Trump has derided over the years, would be gone under the Republican proposal.

How does it do anything but benefit the families of the wealthiest Americans?

Save me the arguments that the Estate tax is 'unfair'- Trump and the Republicans are claiming these tax cuts are all about generating jobs and benefiting the middle class- if you want to claim that the reason to eliminate the estate tax is because the tax is 'unfair'- then go ahead and admit that Trump and the Republicans are lying to Americans about what the tax cuts are for- and who they are supposed to benefit.

What do you get out of it if they leave the estate tax the way it is?

“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”

How does eliminating the estate tax benefit 'working people'? How does it generate jobs?

It doesn't and we all know it...the problem with Trump, for some ungodly reason, he thinks because his Klan rallies are packed, he seems to think they represent not just the stupid who will support and buy into anything he says, he seems to think, its a representation of all 300 mil. americans. Its a fact, the old guy is dilusional and its his rational that thinks that. Bad, very bad.

He doesn't have klan rallies..

Now Klan members like you just say that blacks are the racists.

Wow...did you work extra, really hard on that one......

Shit stain......

 

[Syriusly]

"You need to deal in reality - not in fictional scenarios created to justify a spurious position"

Funny you say that- while at the same time you provide absolutely nothing to back up your justify your spurious position.

As for my 'final' assumption- I didn't mention the value of labor. That is your strawman.

Producers are willing to pay workers exactly as much as the consumer is willing to pay for the product - after costs, after resources, and after a fair profit for those who took the risk of investing.

No- producers are willing to pay workers as low as they can get away with- just as consumers will pay as low as they can get away with. "Fair profit"- really? What is a 'fair' profit? A producer will get as much profit- or lose as much money- as the market circumstances dictate. In a bad year, a producer may be losing money while in a good year, a producer may be raking in the dough- there is nothing 'fair' about Capitalism- the market doesn't care about 'fair'.


The wealthy have increased their wealth, that is true - but HOW have they increased their wealth? They have invested their money, and recouped a return. They bought stock, they bought insurance, they bought property ... and they have been rewarded. "Their money works for them". They have put their money to work in markets that get them the highest return. That would seem to be the eminently logical approach, don't you think?

Certainly the wealthy have 'invested' their money. Some have bought real estate and profited by the boom in rising housing prices. Some have bought stocks in existing companies- hence the stock market boom. They have put their money to work- certainly- but that doesn't automatically- as we have seen in the last 20 years- translate into a benefit for the middle class.

Investments outside the United States not only do not benefit the American middle class, they provide capital for companies to compete against the American middle class. Yes- those producers are putting their money to work- and that doesn't mean it will benefit the American middle class.

Nor am I saying that investment must benefit the middle class. That has never been my position.

My position is that Trump and the Republicans are lying to the American people by claiming that this package of tax cuts is specifically to benefit the middle class and to create jobs.

The Estate tax does not specifically do either. Yes- there may be some trickle down benefit- but you can't quantify it- nor have you even attempted to provide any facts to support your spurious position that eliminating the Estate Tax is for the benefit of the middle class.

Eliminating the Estate tax is primarily to benefit the wealthiest Americans- and one of the biggest beneficiaries to the elimination of the Estate tax would be the family of Donald Trump.

If you want to show how the middle class will benefit from the elimination of the estate tax- well provide real numbers- Middle class means singles making between $24,000 and $72,000 annually are middle class.

70% of Americans consider themselves middle class—but only 50% are

How much will a single person making $72,000 benefit from the elimination of the Estate Tax?

I will defend to the death your right to be deluded and wrong.

Well thank you for supporting my right to free speech.

I will defend your right to post your delusional nonsense here at USMB while at the same time pointing out that you have been completely unable to provide any evidence that eliminating the estate tax will benefit ANY American in the middle class.

But it sure will benefit Trump's heirs.

If you want to understand how it works - I suggest you start here: Economics and finance | Khan Academy.

LOL- is that your concession that you can't find any study that supports your claim that eliminating the Estate tax will benefit the working class?

First, it doesn't have to help the working class or anyone else......

Of course we have no reason to expect Trump to do anything for the middle class or anyone else- other than his own words of course

“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”

Thanks for admitting that Trump and the Republicans are lying about the tax bill- not that this is a shock to anyone.

 

[Syriusly]

What do you get out of it if they leave the estate tax the way it is?

“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”

How does eliminating the estate tax benefit 'working people'? How does it generate jobs?

It doesn't and we all know it...the problem with Trump, for some ungodly reason, he thinks because his Klan rallies are packed, he seems to think they represent not just the stupid who will support and buy into anything he says, he seems to think, its a representation of all 300 mil. americans. Its a fact, the old guy is dilusional and its his rational that thinks that. Bad, very bad.

He doesn't have klan rallies..

Now Klan members like you just say that blacks are the racists.

Wow...did you work extra, really hard on that one......

Shit stain......

LOL- speaking of shit stains.....it must get hard to breath with your head so firmly lodged up Trump's ass.

 

[2aguy]

I will defend to the death your right to be deluded and wrong.

Well thank you for supporting my right to free speech.

I will defend your right to post your delusional nonsense here at USMB while at the same time pointing out that you have been completely unable to provide any evidence that eliminating the estate tax will benefit ANY American in the middle class.

But it sure will benefit Trump's heirs.

If you want to understand how it works - I suggest you start here: Economics and finance | Khan Academy.

LOL- is that your concession that you can't find any study that supports your claim that eliminating the Estate tax will benefit the working class?

First, it doesn't have to help the working class or anyone else......

Of course we have no reason to expect Trump to do anything for the middle class or anyone else- other than his own words of course

“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”

Thanks for admitting that Trump and the Republicans are lying about the tax bill- not that this is a shock to anyone.

They aren't lying....you are too stupid to understand how letting people keep the money they earn actually spurs economic growth and helps everyone get ahead.......your stupidity is strong....and can't be fixed, apparently....

 

[Syriusly]

Well thank you for supporting my right to free speech.

I will defend your right to post your delusional nonsense here at USMB while at the same time pointing out that you have been completely unable to provide any evidence that eliminating the estate tax will benefit ANY American in the middle class.

But it sure will benefit Trump's heirs.

If you want to understand how it works - I suggest you start here: Economics and finance | Khan Academy.

LOL- is that your concession that you can't find any study that supports your claim that eliminating the Estate tax will benefit the working class?

First, it doesn't have to help the working class or anyone else......

Of course we have no reason to expect Trump to do anything for the middle class or anyone else- other than his own words of course

“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”

Thanks for admitting that Trump and the Republicans are lying about the tax bill- not that this is a shock to anyone.

They aren't lying....you are too stupid to understand how letting people keep the money they earn actually spurs economic growth and helps everyone get ahead......

I have been asking since the OP how eliminating the Estate Tax will benefit the middle class.

Prove it. Not that complex- you make a claim- prove it.

Oh wait- you are like Trump- 'just trust me'.......

 

[MarkDuffy]

The purpose of the estate tax is that everyone should pull their own weight and not create an aristocracy of useless rich kids who never worked a day in their life.

The other reason is that it costs so much to pay for America and it is the richer who should carry the bigger burden. For those who have received much of the bounty that is America, much is required.

The estate tax is part of any progressive taxation system.

 

[MarkDuffy]

We are at full employment, the economy is zooming thankx to President Obama. Who sez? trump does (but he claims he did it).

No tax cuts at all. Pay down the debt republicans railed about until they took power.

You remember the DEBT?

 

[Spare_change]

Your final assumption (declaration?) is intrinsically false. Labor, like any other resource, is priced according to its contribution to the final product. If you are willing to pay an extra $10,000 for an American-made car, then labor has a higher value. If you are willing to pay an extra $11 for an American-made shirt, then labor has a higher value.

You seem to be under the misconception that labor is an arbitrary value - independent of all other factors. It isn't - it is directly related to the willingness of the consumer to pay a particular price for a particular product. Producers are willing to pay workers exactly as much as the consumer is willing to pay for the product - after costs, after resources, and after a fair profit for those who took the risk of investing.

Now, as to your "... wealthy have been getting wealthier, and the middle class have been getting poorer." The wealthy have increased their wealth, that is true - but HOW have they increased their wealth? They have invested their money, and recouped a return. They bought stock, they bought insurance, they bought property ... and they have been rewarded. "Their money works for them". They have put their money to work in markets that get them the highest return. That would seem to be the eminently logical approach, don't you think?

The middle class, on the other hand, has stagnated. They haven't increased their education levels or technical capabilities. They haven't been willing They somehow believe that buggy whip makers should make more money, regardless of the call of the market. They, simply, have not increased the value of the product THEY sell - their labor. "They have to work for their money."

About the rest of your post - you're right . All those things COULD happen. But, they don't. Yes, you will find some millionaire somewhere who bought a Greek yacht, but then you realize he is docking it in Miami, he is hiring people to guard it, to maintain it, to operate it. All those people are contributing to the US economy, just like all your "seasonal Eastern European workers" at Mar-a-Lago.

You need to deal in reality - not in fictional scenarios created to justify a spurious position.

"You need to deal in reality - not in fictional scenarios created to justify a spurious position"

Funny you say that- while at the same time you provide absolutely nothing to back up your justify your spurious position.

As for my 'final' assumption- I didn't mention the value of labor. That is your strawman.

Producers are willing to pay workers exactly as much as the consumer is willing to pay for the product - after costs, after resources, and after a fair profit for those who took the risk of investing.

No- producers are willing to pay workers as low as they can get away with- just as consumers will pay as low as they can get away with. "Fair profit"- really? What is a 'fair' profit? A producer will get as much profit- or lose as much money- as the market circumstances dictate. In a bad year, a producer may be losing money while in a good year, a producer may be raking in the dough- there is nothing 'fair' about Capitalism- the market doesn't care about 'fair'.


The wealthy have increased their wealth, that is true - but HOW have they increased their wealth? They have invested their money, and recouped a return. They bought stock, they bought insurance, they bought property ... and they have been rewarded. "Their money works for them". They have put their money to work in markets that get them the highest return. That would seem to be the eminently logical approach, don't you think?

Certainly the wealthy have 'invested' their money. Some have bought real estate and profited by the boom in rising housing prices. Some have bought stocks in existing companies- hence the stock market boom. They have put their money to work- certainly- but that doesn't automatically- as we have seen in the last 20 years- translate into a benefit for the middle class.

Investments outside the United States not only do not benefit the American middle class, they provide capital for companies to compete against the American middle class. Yes- those producers are putting their money to work- and that doesn't mean it will benefit the American middle class.

Nor am I saying that investment must benefit the middle class. That has never been my position.

My position is that Trump and the Republicans are lying to the American people by claiming that this package of tax cuts is specifically to benefit the middle class and to create jobs.

The Estate tax does not specifically do either. Yes- there may be some trickle down benefit- but you can't quantify it- nor have you even attempted to provide any facts to support your spurious position that eliminating the Estate Tax is for the benefit of the middle class.

Eliminating the Estate tax is primarily to benefit the wealthiest Americans- and one of the biggest beneficiaries to the elimination of the Estate tax would be the family of Donald Trump.

If you want to show how the middle class will benefit from the elimination of the estate tax- well provide real numbers- Middle class means singles making between $24,000 and $72,000 annually are middle class.

70% of Americans consider themselves middle class—but only 50% are

How much will a single person making $72,000 benefit from the elimination of the Estate Tax?

I will defend to the death your right to be deluded and wrong.

Well thank you for supporting my right to free speech.

I will defend your right to post your delusional nonsense here at USMB while at the same time pointing out that you have been completely unable to provide any evidence that eliminating the estate tax will benefit ANY American in the middle class.

But it sure will benefit Trump's heirs.

If you want to understand how it works - I suggest you start here: Economics and finance | Khan Academy.

LOL- is that your concession that you can't find any study that supports your claim that eliminating the Estate tax will benefit the working class?

Your final assumption (declaration?) is intrinsically false. Labor, like any other resource, is priced according to its contribution to the final product. If you are willing to pay an extra $10,000 for an American-made car, then labor has a higher value. If you are willing to pay an extra $11 for an American-made shirt, then labor has a higher value.

You seem to be under the misconception that labor is an arbitrary value - independent of all other factors. It isn't - it is directly related to the willingness of the consumer to pay a particular price for a particular product. Producers are willing to pay workers exactly as much as the consumer is willing to pay for the product - after costs, after resources, and after a fair profit for those who took the risk of investing.

Now, as to your "... wealthy have been getting wealthier, and the middle class have been getting poorer." The wealthy have increased their wealth, that is true - but HOW have they increased their wealth? They have invested their money, and recouped a return. They bought stock, they bought insurance, they bought property ... and they have been rewarded. "Their money works for them". They have put their money to work in markets that get them the highest return. That would seem to be the eminently logical approach, don't you think?

The middle class, on the other hand, has stagnated. They haven't increased their education levels or technical capabilities. They haven't been willing They somehow believe that buggy whip makers should make more money, regardless of the call of the market. They, simply, have not increased the value of the product THEY sell - their labor. "They have to work for their money."

About the rest of your post - you're right . All those things COULD happen. But, they don't. Yes, you will find some millionaire somewhere who bought a Greek yacht, but then you realize he is docking it in Miami, he is hiring people to guard it, to maintain it, to operate it. All those people are contributing to the US economy, just like all your "seasonal Eastern European workers" at Mar-a-Lago.

You need to deal in reality - not in fictional scenarios created to justify a spurious position.

"You need to deal in reality - not in fictional scenarios created to justify a spurious position"

Funny you say that- while at the same time you provide absolutely nothing to back up your justify your spurious position.

As for my 'final' assumption- I didn't mention the value of labor. That is your strawman.

Producers are willing to pay workers exactly as much as the consumer is willing to pay for the product - after costs, after resources, and after a fair profit for those who took the risk of investing.

No- producers are willing to pay workers as low as they can get away with- just as consumers will pay as low as they can get away with. "Fair profit"- really? What is a 'fair' profit? A producer will get as much profit- or lose as much money- as the market circumstances dictate. In a bad year, a producer may be losing money while in a good year, a producer may be raking in the dough- there is nothing 'fair' about Capitalism- the market doesn't care about 'fair'.


The wealthy have increased their wealth, that is true - but HOW have they increased their wealth? They have invested their money, and recouped a return. They bought stock, they bought insurance, they bought property ... and they have been rewarded. "Their money works for them". They have put their money to work in markets that get them the highest return. That would seem to be the eminently logical approach, don't you think?

Certainly the wealthy have 'invested' their money. Some have bought real estate and profited by the boom in rising housing prices. Some have bought stocks in existing companies- hence the stock market boom. They have put their money to work- certainly- but that doesn't automatically- as we have seen in the last 20 years- translate into a benefit for the middle class.

Investments outside the United States not only do not benefit the American middle class, they provide capital for companies to compete against the American middle class. Yes- those producers are putting their money to work- and that doesn't mean it will benefit the American middle class.

Nor am I saying that investment must benefit the middle class. That has never been my position.

My position is that Trump and the Republicans are lying to the American people by claiming that this package of tax cuts is specifically to benefit the middle class and to create jobs.

The Estate tax does not specifically do either. Yes- there may be some trickle down benefit- but you can't quantify it- nor have you even attempted to provide any facts to support your spurious position that eliminating the Estate Tax is for the benefit of the middle class.

Eliminating the Estate tax is primarily to benefit the wealthiest Americans- and one of the biggest beneficiaries to the elimination of the Estate tax would be the family of Donald Trump.

If you want to show how the middle class will benefit from the elimination of the estate tax- well provide real numbers- Middle class means singles making between $24,000 and $72,000 annually are middle class.

70% of Americans consider themselves middle class—but only 50% are

How much will a single person making $72,000 benefit from the elimination of the Estate Tax?

I will defend to the death your right to be deluded and wrong.

Well thank you for supporting my right to free speech.

I will defend your right to post your delusional nonsense here at USMB while at the same time pointing out that you have been completely unable to provide any evidence that eliminating the estate tax will benefit ANY American in the middle class.

But it sure will benefit Trump's heirs.

If you want to understand how it works - I suggest you start here: Economics and finance | Khan Academy.

LOL- is that your concession that you can't find any study that supports your claim that eliminating the Estate tax will benefit the working class?

Nope -- but it is my recognition that you are 1) too prejudiced, and 2) too uninformed to have an intelligent discussion about the subject.

Come back when you grow up.

 

[Spare_change]

The estate tax should be zero. That you and your family can't live above the poverty level doesn't mean someone that made it should pay taxes so you can have more for nothing.

Again- 'its not fair'

Still not one Conservative who has bothered to even attempt to address the OP.

Are you okay with Trump and the Republicans lying to Americans about the intent of the tax cut?

"Fair" has nothing to do with it.

Are you OK with lying about anything related to Trump t.

Are you okay with lying about me to defend Trump?

Still not one Conservative who has bothered to even attempt to address the OP.

It has been addressed repeatedly, proven repeatedly, and reiterated repeatedly.

You simply don't like it when somebody points out that you don't know what the fuck you're talking about.

You making unsubstantiated claims in support of your Dear Leader isn't exactly pointing out what i don't know.

The estate tax should be zero. That you and your family can't live above the poverty level doesn't mean someone that made it should pay taxes so you can have more for nothing.

Again- 'its not fair'

Still not one Conservative who has bothered to even attempt to address the OP.

Are you okay with Trump and the Republicans lying to Americans about the intent of the tax cut?

"Fair" has nothing to do with it.

Are you OK with lying about anything related to Trump t.

Are you okay with lying about me to defend Trump?

Still not one Conservative who has bothered to even attempt to address the OP.

It has been addressed repeatedly, proven repeatedly, and reiterated repeatedly.

You simply don't like it when somebody points out that you don't know what the fuck you're talking about.

You making unsubstantiated claims in support of your Dear Leader isn't exactly pointing out what i don't know.

They have only been "unsubstantiated" in your feeble little mind.

 

[IsaacNewton]

Notice that at all times the people that whine and complain about taxes more than anyone else are people that are already wealthy. They suck resources out of the very society that brought them wealth but they do everything they can to keep from reciprocating. This is what a leech does.

 

[BulletProof]

It typically doesn't. BUT why are the SWAMP RaTz entitled to it in the first place? It was taxed when it was accumulated.

Ignorant sh1thead. The estate tax is a substitute to the capital gains tax. Gains haven't been taxed, hence the estate tax.

 

[Spare_change]

Notice that at all times the people that whine and complain about taxes more than anyone else are people that are already wealthy. They suck resources out of the very society that brought them wealth but they do everything they can to keep from reciprocating. This is what a leech does.

Amazing. Simply uninformed ... but still amazing.

 

[Claudette]

It typically doesn't. BUT why are the SWAMP RaTz entitled to it in the first place? It was taxed when it was accumulated.

It sure was and why should the Govt., any Govt. be able to tax what's already been taxed and deprive the heirs of what is rightfully theirs?

The estate tax should be banned in this country.

 

[Claudette]

It typically doesn't. BUT why are the SWAMP RaTz entitled to it in the first place? It was taxed when it was accumulated.

Ignorant sh1thead. The estate tax is a substitute to the capital gains tax. Gains haven't been taxed, hence the estate tax.

Bullshit. Every dime anyone earns is taxed. The property they own is taxed. They all pay State, Local and Govt. taxes as long as they are alive to pay them.

No way should anyone have to pay a tax for what they have to pass on to their heirs.

 

[Conservative65]

Again- 'its not fair'

Still not one Conservative who has bothered to even attempt to address the OP.

Are you okay with Trump and the Republicans lying to Americans about the intent of the tax cut?

"Fair" has nothing to do with it.

Are you OK with lying about anything related to Trump t.

Are you okay with lying about me to defend Trump?

Still not one Conservative who has bothered to even attempt to address the OP.

It has been addressed repeatedly, proven repeatedly, and reiterated repeatedly.

You simply don't like it when somebody points out that you don't know what the fuck you're talking about.

You making unsubstantiated claims in support of your Dear Leader isn't exactly pointing out what i don't know.

Again- 'its not fair'

Still not one Conservative who has bothered to even attempt to address the OP.

Are you okay with Trump and the Republicans lying to Americans about the intent of the tax cut?

"Fair" has nothing to do with it.

Are you OK with lying about anything related to Trump t.

Are you okay with lying about me to defend Trump?

Still not one Conservative who has bothered to even attempt to address the OP.

It has been addressed repeatedly, proven repeatedly, and reiterated repeatedly.

You simply don't like it when somebody points out that you don't know what the fuck you're talking about.

You making unsubstantiated claims in support of your Dear Leader isn't exactly pointing out what i don't know.

They have only been "unsubstantiated" in your feeble little mind.

To Syriusly, unsubstantiated means he doesn't agree.

 

[danielpalos]

It typically doesn't. BUT why are the SWAMP RaTz entitled to it in the first place? It was taxed when it was accumulated.

Why complain about giving money to the poor; it was already earned, once.

 

[tigerred59]

The purpose of the estate tax is that everyone should pull their own weight and not create an aristocracy of useless rich kids who never worked a day in their life.

The other reason is that it costs so much to pay for America and it is the richer who should carry the bigger burden. For those who have received much of the bounty that is America, much is required.

The estate tax is part of any progressive taxation system.