View Poll Results: which best describes your view of the inheritance tax?

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  • There should be no inheritance tax of any amount of money or assets.

    84 54.90%
  • The first 5 million dollars should be exempt. After that the tax rate should be 35%.

    21 13.73%
  • The first 5 million dollars should be exempt. After that the tax rate should be 50%.

    12 7.84%
  • The first 1 million should be exempt. After that the rate should be 50%.

    19 12.42%
  • No exempt amount. Tax at 35% from the get-go.

    9 5.88%
  • No exempt amount. Tax at 50% from the get-go.

    1 0.65%
  • Abolish all inheritance. In other words, tax 100%.

    7 4.58%
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Thread: which best describes your view of the inheritance tax?

  1. #1421
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Most excellent. It shows what some folks highest priorities...... "gimme a tax cut and screw the rest of the nonsense".
    A friend of mine is libertarian and works for the CATO institute. He told me a lot about libertarian ideology and I have come to develop great respect for him and genuine libertarians, although I often disagree. He is equally critical of the Republican and Democratic party, he is consistent in his beliefs and does not suddenly forget his small government idea the moment the President has an "(R)" behind his name, as many other "libertarians" unfortunately do.
    "Not learning from mistakes is worse than committing mistakes. When you don't allow yourself to make mistakes, it is hard to be tolerant of others and it does not allow even God to be merciful."

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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    Yes, we agree that the government ought to function as the sole defense agency and ought to be able to collect a mandatory fee from all citizens in order to pay for that service.

    However, if the government then uses its position to take money for other purposes, it is no longer acting to defend our property but to despoil us. The legitimate purpose of government is to provide protection of our life and property, and for that legitimate function we must all pay. If the government takes beyond that, it is acting contrary to its sole purpose.
    But don't you realize what a can of worms you've just opened by going even this far? Is it OK for me to dump a few gallons of mercury into the stream that's running across my property? Would there be a problem if I took my 160 acres and opened up a race car track? What about a coal power plant that uses up all the water in the creek (my creek!) even if there are farms and ranches downstream that need that water? I think you get the idea but let me add one more that's a little more complex. What about a business that buries a few drums of mercury next to their creek then goes bankrupt. Later, one of the drums cracks open dumping the contents into the stream? There are many, many more issues besides the environmental ones but in simple cases they're often the easiest to see.
    Last edited by MoSurveyor; 02-20-12 at 06:26 PM.
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    When you say people have a right to their property... what does that mean regarding taxation?
    It means that, for the most part, what's their is theirs. However, because the government is the sole defensive agency allowed and provides protection equally to all citizens, it seems reasonable that it can exact a mandatory fee for the defensive services it provides.

    To protect the property of the citizen against what exactly?
    From being taken or destroyed by others.

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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by MoSurveyor View Post
    But don't you realize what a can of worms you've just opened by going even this far? Is it OK for me to dump a few gallons of mercury into the stream that's running across my property?
    No.
    Would there be a problem if I took my 160 acres and opened up a race car track?
    Not sure. It depends on the facts. I'd leave it for a judge to decide.

    What about a coal power plant that uses up all the water in the creek (my creek!) even if there are farms and ranches downstream that need that water?
    Those downstream of you may have a property in the creek as well. Sounds like a dispute that needs to be brought before a judge.

    I think you get the idea but let me add one more that's a little more complex. What about a business that buries a few drums of mercury next to their creek then goes bankrupt. Later, one of the drums cracks open dumping the contents into the stream? There are many, many more issues besides the environmental ones but in simple cases they're often the easiest to see.
    As I said before, the purpose of the government is to protect everyone's property. If someone damages property of another, it is up to the government to figure out what was damaged, who did the damage, what is the cost of the damage, etc. This is why we have a government - to settle property disputes.

  5. #1425
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    As I said before, the purpose of the government is to protect everyone's property. If someone damages property of another, it is up to the government to figure out what was damaged, who did the damage, what is the cost of the damage, etc. This is why we have a government - to settle property disputes.
    But you sidestepped the after effects of some actions, which is why I threw in the buried drum problem. This is the same situation we're facing today and what the Superfund is used for. It's what happens when business is allowed free reign with no controls or over-sight. It doesn't matter what judge hears this case. A dozen children are mentally retarded for life from mercury poisoning. No one can "pay" for that kind of injury and no court can set that wrong to right.

    The protection idea was a simple, easy case to present with obvious and direct dangers. There are many more dangers than that to life and property but you fail to see them or will only act on them after the fact. What you'll end up with will be very much like the world of 1970 with de-forestation caused by acid rain and river water that's no longer drinkable without spending millions to treat it. Consider this. The tobacco companies won hundreds of cases in court, using falsified studies and "experts" that claimed there was no link between cigarette smoking and lung cancer. Eventually that was proved to be the big lie that it was and the tobacco companies made some minor restitution, but I can guarantee for every dollar in settlement money they earned $100. Sure people were stupid to smoke in the first place but, hey, dozens of scientists had testified in hundreds of court cases that smoking was 100% safe!
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    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  6. #1426
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    It means that, for the most part, what's their is theirs. However, because the government is the sole defensive agency allowed and provides protection equally to all citizens, it seems reasonable that it can exact a mandatory fee for the defensive services it provides.


    From being taken or destroyed by others.
    Your premise is false upon its face. Government provides all sorts of services for the American people. There is nothing sacred or special about defense. For you to elevate it to some special status is ludicrous.
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Your premise is false upon its face. Government provides all sorts of services for the American people. There is nothing sacred or special about defense. For you to elevate it to some special status is ludicrous.

    well I disagree to some extent.

    national defense is the sine qua non of a national government. It is also specifically delegated to the Federal government in the Constitution.

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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Your premise is false upon its face. Government provides all sorts of services for the American people. There is nothing sacred or special about defense. For you to elevate it to some special status is ludicrous.
    Actually there is something special about defense. It's purpose is to protect the life, liberty, and property of ALL citizens. There is no other government function such as this. All other functions actually infringe on the life, liberty, or property of SOME citizens in order to benefit OTHER citizens. This is why these functions are illegitimate for the government, since they violate the very purpose of government in the first place.

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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    well I disagree to some extent.

    national defense is the sine qua non of a national government. It is also specifically delegated to the Federal government in the Constitution.
    So are lots of other things. To elevate defense above any of the rest is silly.
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    Actually there is something special about defense. It's purpose is to protect the life, liberty, and property of ALL citizens. There is no other government function such as this. All other functions actually infringe on the life, liberty, or property of SOME citizens in order to benefit OTHER citizens. This is why these functions are illegitimate for the government, since they violate the very purpose of government in the first place.

    Fortunately, we have a Constitution which differs with you.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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