Let's see where this goes: let's talk about a 100% Inheritance tax.

[terry]

eyepaddle  Donating Member  (1000+ posts)  Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Wed Jan-07-09 12:17 PM
Original message
Let's see where this goes: let's talk about a 100% Inheritance tax.
   
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Edited on Wed Jan-07-09 12:19 PM by eyepaddle
I would just like to float this balloon and start the, uh, well...general discussion of this topic.

Could somebody fiond numbers as to how much wealth is transferred annually in the US via inheritance vs payroll? I seem to recall reading Michael Parenti and getting the impression that inheritance was greater than all wages and salaries combined, but I don't have the numbers handy. I think that would be a good place to start.

I'll also get the ball rolling and start to ponder how much more equal we would all be if we in fact started out equal. Let's REALLY level that ol' playing field. A possible corollary: what might the effects be on our political system if there were no more motivation to game the rules to favor your offspring at the (often ruinous) expense of everbody else's?

Finally, would this generate enough revenue to eliminate personal income and payroll taxes? Then we could get to actually keep all that we make--and none of what somebody else makes.


(DISCLAIMER: Yes this post is largely tongue in cheek, as I might as well wish the moon were made of delicious cheese--and that it could be delivered to my door, in manageable portions. I just want to seriously start thinking "outside the box.")

tongue in cheek, because it's not likely to happen, not because it is a monumentally stupid idea.

It's a pretty typical stupid idea for DU, but some of the responses were pretty entertaining..

link

Democrats_win  (1000+ posts) Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Wed Jan-07-09 12:23 PM
Response to Original message
3. Tax the rich and their dead relatives. (No one else has any money.)
   

How does OMC not get banned?

OPERATIONMINDCRIME  Donating Member  (1000+ posts)  Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Wed Jan-07-09 12:48 PM
Response to Original message
28. One Of The Downright Dumbest Proposals I've Ever Heard.

aikoaiko  Donating Member  (1000+ posts) Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Wed Jan-07-09 12:24 PM
Response to Original message
6. Wow, we win a Presidential election and now the crazy talk begins
   


:silly: :wtf: :freak: :hurts: :wow: :nuke:

Perragrande  Donating Member  (1000+ posts) Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Wed Jan-07-09 02:41 PM
Response to Original message
98. I have not been able to get a job (a decent one or a permanent one) since 1996.
   
Edited on Wed Jan-07-09 02:49 PM by Perragrande
I'm over 40 and the bosses don't give a shit about anyone that's over 40. I have three college degrees including a doctorate in law. Education, skills, experience -- they want to starve us to death. We're useless baby boomers.

The only reason I have a house to live in is because I inherited it, and I'm the only surviving child.

My big sister died a horrible death of brain cancer some years ago. That was hell on earth.

So you'd throw me out on the street just to prove a point about the evils of inherited wealth??


Screw you.

On edit:The estate I inherited is nowhere near $2 million in worth, thank you. Not even anywhere near $1 million.

So I think a tax starting at $2 million is fine. Don't reduce it. Lots of us would be homeless. Besides, I'm going to grow stuff on my land.

WHAT YOU WANT TO TAKE MY PROPERTY!!!!   on edit .. oh you want to take someone else's,  ok that's fine...

[Texacon]

Wow.  A whole new spin.  Take everyone else's shit and let me live for free off the huge garage sale you can have.

Never heard that idea floated at the DUmp.

 

These people are so see through.  Damn near every 'idea' they come up with is how to get money from someone else so they don't have to pay anything yet they will vote in the biggest tax and spend chump they can find.

KC

[Carl]

First off,if no one could have the assets inherited then they suddenly are worth nothing so the "wealth" they think they can tap into ceases to exist.

I'm over 40 and the bosses don't give a shit about anyone that's over 40. I have three college degrees including a doctorate in law. Education, skills, experience -- they want to starve us to death. We're useless baby boomers.

If that is true then you are a highly educated and incompetent fool as you should be making well over 6 figures somewhere.

[bijou]

98. I have not been able to get a job (a decent one or a permanent one) since 1996.

That evil Bush ... oh. 

[Chris_]

WHAT YOU WANT TO TAKE MY PROPERTY!!!!   on edit .. oh you want to take someone else's,  ok that's fine...

You are the VERY FIRST



(save this link -- it may be worth money someday)

[franksolich]

If that is true then you are a highly educated and incompetent fool as you should be making well over 6 figures somewhere.

I never paid much attention to the Perry Como primitive, other than her woes at finding a job.

I could be wrong, but if I'm right, the Perry Como primitive takes lots and lots of pharmaceuticals and has more than ample avoirdupois; a really big woman, like that one judge in Nevada who got into trouble.

[JohnnyReb]

John Kerry and his wife.......Broke
Ted Kennedy and his....belly.....broke
Caroline Kennedy........ broke
Chelsea Clinton .....broke

All there hero's....broke......

I might could go for this.......................................hmmmmm...OK, NOT.

But it was fun to picture their hero's broke for a minute.

[thundley4]

John Kerry and his wife.......Broke
Ted Kennedy and his....belly.....broke
Caroline Kennedy........ broke
Chelsea Clinton .....broke

All there hero's....broke......

I might could go for this.......................................hmmmmm...OK, NOT.

But it was fun to picture their hero's broke for a minute.

George Soros broke , the end of the Democrats. 

[Rebel]

Why are these idiots so anxious to die? Be a buncha dead m'f'n liberals in the streets if they tried this shit.

[terry]

Amazing, just amazing..

mmonk  Donating Member  (1000+ posts)  Journal  Click to send private message to this author  Click to add this author to your buddy list  Click to add this author to your Ignore list      Wed Jan-07-09 12:25 PM
Response to Original message
7. Let's suppose you have a disabled child that will not be able to take care
   
of himself or herself when you die.

lumberjack_jeff  Donating Member  (1000+ posts) Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Wed Jan-07-09 12:33 PM
Response to Reply #7
19. Presumably society would be well enough off that they could take care of the child. n/t

How dare parent not want their disabled child depending on the government?   How dare a disabled individual want to live independently? 

wow

[Texacon]

I told you it was talking about having a garage sale;

eyepaddle  (1000+ posts)       
Wed Jan-07-09 12:35 PM

Response to Reply #2

20. The real property would go back into pool too.
 I'd envison some kind of auction for tangible assets.

What an idiot.

KC

[terry]

You are the VERY FIRST



(save this link -- it may be worth money someday)

I'm saving it, unfortunately I might not be able to pass it along to my children. 

[DumbAss Tanker]

I never paid much attention to the Perry Como primitive, other than her woes at finding a job.

I could be wrong, but if I'm right, the Perry Como primitive takes lots and lots of pharmaceuticals and has more than ample avoirdupois; a really big woman, like that one judge in Nevada who got into trouble.

Tranlator's note:  The fact that the Big She-Dog refers to having a doctorate in law, but not to being an attorney, is a subtle turn of phrase which tends to indicate she is not allowed to practice the profession.  The reasons for this could vary, and include suspension or revocation of a law license, failure to pass a bar exam, or even failure to pass a fitness examination for admission to the bar after taking and passing the exam.

[franksolich]

Tranlator's note:  The fact that the Big She-Dog refers to having a doctorate in law, but not to being an attorney, is a subtle turn of phrase which tends to indicate she is not allowed to practice the profession.  The reasons for this could vary, and include suspension or revocation of a law license, failure to pass a bar exam, or even failure to pass a fitness examination for admission to the bar after taking and passing the exam.

Whoa.

Thanks for the illumination!

[Chris_]

Tranlator's note:  The fact that the Big She-Dog refers to having a doctorate in law, but not to being an attorney, is a subtle turn of phrase which tends to indicate she is not allowed to practice the profession.  The reasons for this could vary, and include suspension or revocation of a law license, failure to pass a bar exam, or even failure to pass a fitness examination for admission to the bar after taking and passing the exam.

Aw hell, DAT.  

I was assumin' she was referencing her (ex-?) Husband's brother/sister, who had a Phd in some silly liberal arts study or other.

[DumbAss Tanker]

Aw hell, DAT.  

I was assumin' she was referencing her (ex-?) Husband's brother/sister, who had a Phd in some silly liberal arts study or other.

This passage contains the phrase of which I speak:

98. I have not been able to get a job (a decent one or a permanent one) since 1996.
   
Edited on Wed Jan-07-09 02:49 PM by Perragrande
I'm over 40 and the bosses don't give a shit about anyone that's over 40. I have three college degrees including a doctorate in law.

A Doctor of Jurisprudence (JD), aka a Doctor of Laws, is the professional degree for attorneys, usually the second or third academic degree one earns.  It is possible to study for and be awarded a PhD in Law, but those are rare (as well as largely useless) and the only ones I've ever seen were earned long after their JDs by career legal academics (Law school tenured faculty, and relatively few of them).

[Carl]

Tranlator's note:  The fact that the Big She-Dog refers to having a doctorate in law, but not to being an attorney, is a subtle turn of phrase which tends to indicate she is not allowed to practice the profession.  The reasons for this could vary, and include suspension or revocation of a law license, failure to pass a bar exam, or even failure to pass a fitness examination for admission to the bar after taking and passing the exam.

My thoughts exactly,there is always more to the story then they reveal.

[thundley4]

But if this DUmmie has 3 college degrees and can't get a decent job, then why are they so adamant about the government providing a free college education to everyone?  Is it just to get everyone addicted to living off the government teat?

[BlueStateSaint]

But if this DUmmie has 3 college degrees and can't get a decent job, then why are they so adamant about the government providing a free college education to everyone?  Is it just to get everyone addicted to living off the government teat?

Because those degrees are in Womyn's Studies, Underwater Basket Weaving, and Psychotropic Drug Use.

[Kimberly]

My thoughts exactly,there is always more to the story then they reveal.

This pathetic freak has already revealed plenty. She hit up her elderly parents for money because her and her useless husband (partner or whatever) were both unemployed. Her parents said No, we've spent plenty on your education. Go get a job you lazy heifer. Well, that made her all huffy with righteous indignation. How dare they? Then she goes on to blab how relieved she was when they died, because now she finally got her grubby paws on their money. And that's still not enough. The government (taxpayers) still need to pony up more because they're apparently still too inept to provide for themselves. She's one of the many nitwits on DU that think their stupid life is so interesting that everyone needs to know every personal detail.  Good lord, she's detestable. I can't even express how loathsome this particular primitive is. 

[franksolich]

Good lord, she's detestable. I can't even express how loathsome this particular primitive is.

Oh my.

I never paid much attention to the Perry Como primitive, but if that's your observation, madam, I guess I'll start.

There are after all vacancies for the two bottom-most levels of primitive tierdom--the les risibles primitives, the laughable primitives, and the drek primitives--and maybe this Perry Como primitive has the talent to descend from the unterprimitiven down to one of those lower levels.

Thank you for the tip!

[Carl]

This pathetic freak has already revealed plenty. She hit up her elderly parents for money because her and her useless husband (partner or whatever) were both unemployed. Her parents said No, we've spent plenty on your education. Go get a job you lazy heifer. Well, that made her all huffy with righteous indignation. How dare they? Then she goes on to blab how relieved she was when they died, because now she finally got her grubby paws on their money. And that's still not enough. The government (taxpayers) still need to pony up more because they're apparently still too inept to provide for themselves. She's one of the many nitwits on DU that think their stupid life is so interesting that everyone needs to know every personal detail.  Good lord, she's detestable. I can't even express how loathsome this particular primitive is. 

 

No great surprise I suppose...they are almost to a fault as useless as tits on a boar hog on the island.

[Kimberly]

Oh my.

I never paid much attention to the Perry Como primitive, but if that's your observation, madam, I guess I'll start.

There are after all vacancies for the two bottom-most levels of primitive tierdom--the les risibles primitives, the laughable primitives, and the drek primitives--and maybe this Perry Como primitive has the talent to descend from the unterprimitiven down to one of those lower levels.

Thank you for the tip!

You're welcome, Frank. There's a few primitives that stand out with their overwhelming personal flaws even for DU, this one being her huge sense of entitlement and greed. I just can't forget that post when she said she was happy when her parents died because she inherited their estate.

[Carl]

You're welcome, Frank. There's a few primitives that stand out with their overwhelming personal flaws even for DU, this one being her huge sense of entitlement and greed. I just can't forget that post when she said she was happy when her parents died because she inherited their estate.

Perragrande  (1000+ posts)        Tue Jun-24-08 05:27 PM
Response to Original message
30. What if your family is telling you you are worthless?
   Edited on Tue Jun-24-08 05:30 PM by Perragrande
My elderly, cranky, grumpy, impossible to deal with and senile parents were telling me what a horrible person I was because I couldn't find a job. This went on for years. They said "Well we paid for that expensive education of yours. We don't know why you can't find a job.". I said "I don't know either after 3 degrees and 12 years of college". The economy was going to hell in the 90s.

The more jobs I applied for the more I got depressed. If I had temp jobs, I got fired for showing initiative and intelligence, or they would make up some totally irrational bullshit excuse.

They could have easily helped me out but refused. I found this out after investigating their bank accounts after they died. I asked them if they would rather pay for my funeral, or help me pay my bills. I told them that if I killed myself, then I would stop hassling them about my finances. They said they didn't want to pay for a funeral. I really don't know what they expected me to do. They also said I didn't need a car, and they had one they weren't driving--they were too blind to do so. But they wouldn't let me use it -- where mass transit is nonexistent.

I remember calling them up crying because the dogs were infested with fleas and had blood poisoning, and I couldn't afford to take them to the vet. They wouldn't give me money to treat the dogs. I knew that if the dogs died I would never forgive myself. Fortunately I gave them my own medication to cure them.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x3513173#3513666

[Chris_]

They could have easily helped me out but refused. I found this out after investigating their bank accounts after they died. I asked them if they would rather pay for my funeral, or help me pay my bills. I told them that if I killed myself, then I would stop hassling them about my finances. They said they didn't want to pay for a funeral. I really don't know what they expected me to do. They also said I didn't need a car, and they had one they weren't driving--they were too blind to do so. But they wouldn't let me use it -- where mass transit is nonexistent.

Holy shit!  This dude is battier than the battiest batshit loco dude we have ever seen!