The Gray Lady's Senility

Discussion in 'Current Events' started by Annie, Jun 7, 2006.

  1. Annie
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    Annie Diamond Member

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    I just loved the headline, so I had to share. Links at site:

    http://blogs.forbes.com/digitalrules/2006/06/the_gray_ladys_.html


     
  2. Bullypulpit
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    Bullypulpit Senior Member

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    In fact estate taxes are not a penalty. They serve to prevent the accumulation of wealth in a dwindling number of hands, which inevitably results in the establishment of an aristocracy. Which was not what the Founding Fathers had in mind for this country. Would you REALLY want Paris Hilton making decisions about the lives of you and yours?

    Even the current caps on estate taxes, $2 million per individual and $4 million per couple, only affects <a href=http://www.irs.gov/businesses/small/article/0,,id=108143,00.html><i>the wealthiest 2% of Americans</i></a>.

    The income taxed is not the product of earned wages, but the capital gains on property and its fair market value (discounting for depreciation) as well as the capital gains and losses on financial instruments such as stocks and bonds.

    If you want real tax reform, lower the overall tax rates on earned income and maintain the estate tax at 55% and increase capital gains tax rates. An added incentive to buy and hold stocks, bonds and property would be to lower the capital gains rates for those held for two years or more.
     
  3. dmp
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    dmp Senior Member

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    Funny - most estates are earned and paid taxes upon while earned, yet they strive to take MORE taxes cuz the original owner died? I really hate socialism/wealth re-distribution. :(
     
  4. Bullypulpit
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    Bullypulpit Senior Member

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    You would prefer to live in under a monarchy then?
     
  5. Annie
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    Annie Diamond Member

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    Back to the topic, it was't taxes, but NYT presentation they were at an equal rate. They aren't. Fact checking anyone?
     
  6. dmp
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    dmp Senior Member

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    Stupid question.
     
  7. jasendorf
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    jasendorf Senior Member

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    Just because Lipscomb is misrepresenting the idea presented in a sentence from an editorial doesn't mean jack squat.

    If I were to say, “The Easter Bunny is no more a fictional character than Santa Claus.” Lipscomb would say, "But Santa Claus is based on a real person! And, the Easter Bunny is an impossible 7-foot tall bunny whereas Santa Claus is a possible human being!"

    Lipscomb is obviously reading impaired.
     
  8. Annie
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    Annie Diamond Member

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    Ok, he doesn't have editors. Right. :rolleyes:

    Moving onto the next example, which is news related...
     

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