Quote:
Originally Posted by Rick Lee
Karl Marx is alive and well. Why is the gov't. more entitled to someone's money if they're rich vs. well off vs. middle class? It's theft, no matter how you slice it. Lottery winners did nothing to earn their money either. Why not just confiscate all their wealth too?
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Rick, every loterry winner in the country is taxed. No one is talking about taking an entire lottery prize from the winner or taking an entire estate from the heirs. It costs money to run the government. Roads, bridges, border patrol, court system, cops, FDA, even the IRS cost money. If you can get the country to agree to cut spending to 1950s levels, go ahead and eliminate the estate tax. until then, it is an eminently fair way to raise the revenue necessary to run the government. It is fair to tax the rich more than the middle class because they can afford it and because they benefited more from society's advantages such as roads and bridges and a system of economic freedom (made possible by the governmental system and paid for by taxes) than the average person.
By definition, NO estate tax is taxed on earned income. Until you can find a better source of money to replace the lost revenue on estates over $5 million, then it doesn't make much sense to eliminate the estate tax. Unless you think it's more fair to make working people making $50-$100,000 a year pay it. Those are the choices.