Jim Moran Says We Should Not Be able to Keep Our Wealth

[user_name_guest]

Doesn't make sense. You get rid of the death tax, a parent that owns a farm gets to keep that $500k versus if you just raise the death tax threshold from $1 million to $20 million (in your example) and giving up $500k.

$500k in your hands versus the government is ideal. If you made $20 million using your own hands, you can do a lot more of the $500k yourself than giving it to a government that's proven to be rather inefficient.

What we need to end is the social security cap on income of $102k and make that unlimited. Why do they have a cap on it in the first place. If you make $1 million, 100% should be calculated in how much you give to social security, not 10%.

And a lot of us "liberals" are cool with raising the death tax from $1 million or $5 million to $20 million.

If your parents have a farm worth $21 million, you will pay $500k in death tax. The rest you keep.

If your parents die with $40 million, you will pay $10 million to the death tax, the rest is yours.

This is why the richest people in the country are the ones trying to get rid of the death tax, not fix it.

"Death Tax" Deception Who's behind the movement to repeal the nation's only tax on inherited wealth?

 

[sealybobo]

sealy, you should read The Millionaire Next Door

It would make me too angry. LOL.

I love broke asses that defend those super wealthy people because they think maybe one day they'll be that rich. Or they think those people won't hire anyone if we tax them.

They will. Watch and see.

In fact, Obama will give them tax breaks IF they hire, so they will hire.

But gave them tax breaks hoping they'd hire "wink wink".

PS. Every one of my conservative friends saved their tax rebate money. That money was supposed to be spent.

The next rebate should be a debt card that expires in 3 months. Then people will spend it like they were supposed to.

 

[busara]

It would make me too angry. LOL.

I love broke asses that defend those super wealthy people because they think maybe one day they'll be that rich. Or they think those people won't hire anyone if we tax them.

They will. Watch and see.

In fact, Obama will give them tax breaks IF they hire, so they will hire.

But gave them tax breaks hoping they'd hire "wink wink".

PS. Every one of my conservative friends saved their tax rebate money. That money was supposed to be spent.

The next rebate should be a debt card that expires in 3 months. Then people will spend it like they were supposed to.

yeah, it would make you angry because it would show that the majority of americans are not wealthy simply because they were born that way. they worked for it and spent their money wisely.

[ame=http://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/0671015206]Amazon.com: The Millionaire Next Door: Thomas J. Stanley, William D. Danko: Books[/ame]

 

[sealybobo]

Doesn't make sense. You get rid of the death tax, a parent that owns a farm gets to keep that $500k versus if you just raise the death tax threshold from $1 million to $20 million (in your example) and giving up $500k.

$500k in your hands versus the government is ideal. If you made $20 million using your own hands, you can do a lot more of the $500k yourself than giving it to a government that's proven to be rather inefficient.

That kid was born into that money.

Again, people a lot smarter than you and me say it is dangerous for democracy to let families get that rich.

And that's why I said raise it from $1 or % to $20 million. I don't want to hurt farmers that maybe own property worth $5 million and they can't come up with the money so they have to sell the farm.

But I don't feel sorry for the person who enherits $21 million. Anything above $20 they pay HALF. That's half of the $1 million OVER AND BEYOND the $20 million. The $20 million is all theirs.

And clearly the government doesn't have enough money coming in. Even if Obama cuts spending, we will still have a huge national debt. We need to pay that debt off. It's the rich that doubled the debt. So let them pay it off.

No, as far as society goes, it isn't better off in the hands of one stinking rich family.

If they aren't paying it this way, YOU AND I are paying it.

PS. Some of my friends at work used to do financial planning. They say there are many ways the rich get around paying this money when they die. The most simple one is to get life insurance to make up for what the state loses. So the insurance companies pays the rich kid who just hit the lotto and the government gets their money.

I don't hear you complaining about people who win the lotto paying 2/3rd of it when they take the lump sum. It's called a windfall tax. So $12 million gets cut in half to $6 million and then you pay your taxes on that.

The rich got you out arguing for them. That's cute.

 

[user_name_guest]

It would make me too angry. LOL.

I love broke asses that defend those super wealthy people because they think maybe one day they'll be that rich. Or they think those people won't hire anyone if we tax them.

They will. Watch and see.

In fact, Obama will give them tax breaks IF they hire, so they will hire.

But gave them tax breaks hoping they'd hire "wink wink".

PS. Every one of my conservative friends saved their tax rebate money. That money was supposed to be spent.

The next rebate should be a debt card that expires in 3 months. Then people will spend it like they were supposed to.

We need a rebate to get rid of the trillion dollar deficit caused by the economic crisis, which was swept by Bush, and passed by Congress. Let's hope this economic policy isn't a failed one. After all, Bush called for it, Congress reacted. And now we are $1 trillion in the red added the years of spending abuse by Bush and friends. He followed such a conservative spending policy ( )

 

[WillowTree]

There are all kinds of articles that you can read that will explain to you that our founding fathers, and many intelligent people today, will tell you that extreme wealth of a few people is very very very dangerous to democracy. That's why we have the death tax, if we even have it anymore.

When a parent dies with 500 million dollars in their bank, it is not right for the kid to enherit it all. Then they become powerful without EVER contributing to society.

So, we take half of that wealth that they didn't deserve or earn in the first place, and put it in the treasury. That way it goes to the greater good.

How about this? Instead of that rich kid getting everything, we take half of their enheritence and give it to every kid for school. I think England passed that idea OVERWHELMINGLY, even with the Conservatives buying into the idea.

I'm really tired and not thinking right today. I can't type. But please do not think your tired old arguments are going to work like they did in the past. We have a progressive tax. It taxes the rich more and that money goes to things like welfare. Deal with it. We aren't a socialist society, unless you INSIST on calling it that. And if you do, fine, we'll call it that. And maybe we'll take it a step further. Maybe we'll socialize the oil companies. Maybe the banks too. (Bush already did)

But instead of just socializing the losses, we socialize the profits too. That way the government can pay their bills.

If you make a widget, trust me, we won't socialize it. You make a good product and you sell it to people, you will be ok in the free market.

But when it's Federal land the oil companies are taking oil from, you are god damn right we won't let them gouge us. They should never have made record profits. They should have shared that with us at the pumps.

But if you make a battery car, we won't socialize it.

And the radio airwaves are owned by US the public. We only allow companies to do business on OUR airwaves. And we will not let 10 rich fat cats buy up all the radio stations and spew their lies to us for another 8 years.

It's time to take the country back!!!! We the people, not them the corporations.

nobody ever taught you the concept of throwing good money after bad huh? or perhaps throwing money at a problem dosen't necessarily fix the problem huh? poor old socialist. whatcha gonna do when they come for you?

 

[sealybobo]

yeah, it would make you angry because it would show that the majority of americans are not wealthy simply because they were born that way. they worked for it and spent their money wisely.

Amazon.com: The Millionaire Next Door: Thomas J. Stanley, William D. Danko: Books

What? I'm only talking about enheritence, not earned money. What are you talking about?

I'm not talking about taxing a man/woman's income or profits. I'm talking about a windfall baby!!!!

This is how it has worked for hundreds of years. It seems to work out just fine.

We see what happened when your side got to try your way. The system crashed.

 

[sealybobo]

nobody ever taught you the concept of throwing good money after bad huh? or perhaps throwing money at a problem dosen't necessarily fix the problem huh? poor old socialist. whatcha gonna do when they come for you?

Oh now you want to talk about fixing the fucking problem when you sat by and watched the GOP double the debt? And you defended it becuase it was all defense spending.

The rich scammed you for 8 years and you still haven't figured it out.

Call it defense, call it a bank robbery, call it a coup.

Your government has to be fiscally responsible before I can even take you seriously.

 

[WillowTree]

Stop buying ipods, hdtv, using a computer, then you won't pay for wealth of others. Because without wealth, we wouldn't have these fancy gadgets. Why are you on the computer? On Windows? If we have these fancy gadgets, are we hypocritical to point out that they have all this wealth because of our own doing. I say we should tax Hollywood and Athletes 50%. That would be awesome.

sssssshhh Democrats don know enough not to shit in their nest. Even yer basic dog knows that much but not yer average Democrat... Don't teach them things, it makes them dangerous!!! ssssssssshhhhh!

 

[busara]

What? I'm only talking about enheritence, not earned money. What are you talking about?

I'm not talking about taxing a man/woman's income or profits. I'm talking about a windfall baby!!!!

This is how it has worked for hundreds of years. It seems to work out just fine.

We see what happened when your side got to try your way. The system crashed.

do you honestly think im a repub?

 

[sealybobo]

nobody ever taught you the concept of throwing good money after bad huh? or perhaps throwing money at a problem dosen't necessarily fix the problem huh? poor old socialist. whatcha gonna do when they come for you?

ThomHartmann.com - How Rich is Too Rich For Democracy?

Enjoy.

 

[sealybobo]

do you honestly think im a repub?

Read the link I posted and please let me know if you disagree.

 

[WillowTree]

Oh now you want to talk about fixing the fucking problem when you sat by and watched the GOP double the debt? And you defended it becuase it was all defense spending.

The rich scammed you for 8 years and you still haven't figured it out.

Call it defense, call it a bank robbery, call it a coup.

Your government has to be fiscally responsible before I can even take you seriously.

there ya go with yer blame game again... Democrats have ruled the roost too... Lessee,, the war,, two or three hurrimicanes... billions of wasted bucks in new aaahhhleans,,, himmmmmm it wasn't all defense spending.... well we'll sit back here and watch mr. magic spend his way into oblivion cause guess what Einstein? there ain't enuff rich people to pay yer bills.

 

[busara]

Read the link I posted and please let me know if you disagree.

i agree with jefferson.

 

[Shogun]

Stop buying ipods, hdtv, using a computer, then you won't pay for wealth of others. Because without wealth, we wouldn't have these fancy gadgets. Why are you on the computer? On Windows? If we have these fancy gadgets, are we hypocritical to point out that they have all this wealth because of our own doing. I say we should tax Hollywood and Athletes 50%. That would be awesome.

what the fuck are you even talking about? Using a computer validates wealthfare? I didn't get my ipod in the mail the last time rich motherfuckers got a bailout. Did you?

 

[user_name_guest]

what the fuck are you even talking about? Using a computer validates wealthfare? I didn't get my ipod in the mail the last time rich motherfuckers got a bailout. Did you?

So the rich mother******ers made money from bailout and not the consumer (why do they invest in Apple, MS, Google). Wow, you are really a genius. Oh wait, that's insulting. Go see the income report of a rich mofo and show me how much money did he get from the government versus investment income. I bet he gets less percentage than say someone dependent on the welfare handouts of government.

 

[Shogun]

So the rich mother******ers made money from bailout and not the consumer. Wow, you are really a genius. Oh wait, that's insulting. Go see the income report of a rich mofo and show me how much money did he get from the government versus investment income.

indeed, they made money from a bailout despite not listening to those "oh so sacred" creeds of capitalism. The American Auto industry comes to mind. But hey.. you've got a fit to throw. Enjoy the next four years, motherfucker.

 

[KMAN]

naw.. I think we'll just go ahead and repeal Bush's tax cuts for the royal class and go from there. Maybe you should invest in camels and sand on your way to Dubai..

Just as I thought... You are good at spreading other people's wealth but not your own... The liberal way...

 

[sealybobo]

there ya go with yer blame game again... Democrats have ruled the roost too... Lessee,, the war,, two or three hurrimicanes... billions of wasted bucks in new aaahhhleans,,, himmmmmm it wasn't all defense spending.... well we'll sit back here and watch mr. magic spend his way into oblivion cause guess what Einstein? there ain't enuff rich people to pay yer bills.

At least it will be spent in America and will benefit the other 90% of us. Not just the top 10%.

 

[Shogun]

Just as I thought... You are good at spreading other people's wealth but not your own... The liberal way...

to be honest, the day after the 08 election it doesn't matter what you think. Election mean something, right dude? Remember saying that about four years ago? You lost. Your platform lost. Crying about it today won't make that flight to Dubai any quicker.