whining about a few crooks to demonize the rich is like blaming the Jews for Bernie Madoff or Clowns for John Wayne Gacy
"A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"
Cicero Marcus Tullius
Do the people really benefit ?
Its my contention that we need more tolerance and forgiveness in our society.
But, since the ""one-in-a-thousand"" do exist, we need regulations, more strict enforced rules.
For example, imagine you're rich. You don't want to stick your millions in a savings acct and earn a measly 1% interest, so you invest in the stock market. You buy $10million worth of stocks and hold on to it. Eventually, the value increases to $20 million and then you die.
Your heir(s) inherit $20 million but $10 million of that money was never taxed because the gain of $10 million was never recognized as income because you never sold the shares.
I think the Op should have had larger text and more color
A fanatic is one who can't change his mind and won't change the subject.
A lie gets halfway around the world before the truth has a chance to get its pants on.
its the sale of property that should trigger taxes
what is idiotic is what happens with lots of old money families-your grandparents own an expensive painting. When your father inherited it-a hefty tax was paid on it. Then you inherit it and another hefty tax is paid it even though the value of the painting might still be the 5 million your grandfather paid for it with already taxed dollars. So 5 million that was after tax dollars is taxed again twice
that is the thing death tax advocates never want to talk about