I think that people who inherit wealth deserve it.

[Freeper]

MannyGoldstein 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    Mon Sep-19-11 07:51 PM
Original message
I think that people who inherit wealth deserve it.
   
They worked hard for it. We should not have an estate tax to keep them from enjoying what they earned.

Thank you for letting me get that off my chest.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1968095

Yet these same people have no problem having the govt take that same money and hand it out to people who have done nothing but hold their hands out.

Warpy 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    Mon Sep-19-11 07:54 PM
Response to Original message
5. I inherited enough that the income is keeping me in the shit state I've always enjoyed
   
It was well under the limit that year, so I owed no tax.

Had it been over the limit, I'd have paid those taxes gratefully.

I don't get these people who want to leave their enormous financial empires intact to ungrateful brats who did nothing to build them and will do nothing to maintain them.

I love how they claim that if it had been more money they would have gladly paid most of it in taxes. 
I don't get these people who want to take that money earned by one person and hand it out to ungrateful brats, who did nothing to deserve it. In fact they are so ungrateful that after they cash the check they demand even more.

xchrom 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    Mon Sep-19-11 07:55 PM
Response to Original message
6. We don't have enough respect for people who don't earn their money. Nt

So much irony in this thread.

valerief 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    Mon Sep-19-11 08:25 PM
Response to Reply #12
16. Every bit of tax code is written to protect the wealthy. nt

This DUmmy is on to something. This is why Buffet and Stephen King and other rich libs are all for higher taxes, they know they can weasel out of paying them.

Rosa Luxemburg 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    Mon Sep-19-11 08:40 PM
Response to Original message
33. inherit? Distribution of wealth to the poor
   
That's how societies should function - distribution. They earn and they help out.

Typical of liberalism, they work, we reap the profits.

[DumbAss Tanker]

Warpy 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    Mon Sep-19-11 07:54 PM
Response to Original message
5. I inherited enough that the income is keeping me in the shit state I've always enjoyed
   
It was well under the limit that year, so I owed no tax.

Had it been over the limit, I'd have paid those taxes gratefully.

The donor's estate pays Federal estate taxes, you ignorant buffoon, the recipient doesn't have to do anything,

[sybilll]

NRaleighLiberal  (1000+ posts)      Mon Sep-19-11 07:54 PM
Response to Reply #2
3. I am hoping it is sarcasm......!!!
   
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 valerief  (1000+ posts)        Mon Sep-19-11 07:56 PM
Response to Reply #3
9. If you have to ask...
 
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 MannyGoldstein  (1000+ posts)        Mon Sep-19-11 07:57 PM
Response to Reply #3
10. Is
 Of course. I'm in an odd mood

No, you just knew when you posted it, with a last name like Goldstein, the "of course you do, you are a Jooooooooo", in code of course, would come along shortly.  Manny waffles on occasion IMO. 

[vesta111]

NRaleighLiberal  (1000+ posts)      Mon Sep-19-11 07:54 PM
Response to Reply #2
3. I am hoping it is sarcasm......!!!
   
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 valerief  (1000+ posts)        Mon Sep-19-11 07:56 PM
Response to Reply #3
9. If you have to ask...
 
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 MannyGoldstein  (1000+ posts)        Mon Sep-19-11 07:57 PM
Response to Reply #3
10. Is
 Of course. I'm in an odd mood

No, you just knew when you posted it, with a last name like Goldstein, the "of course you do, you are a Jooooooooo", in code of course, would come along shortly.  Manny waffles on occasion IMO. 

If not for future generations, why do we not work hard and spend it all on ourselves????

Doesn't matter if the Brats are greatful or not, this is what we do, once we are dead the Brats can do as they please with the family wealth----Hopefully those who work all their lives to have something to hand down are up in Heaven with no idea what their kids are doing with family money, only in Hell will one find out.

Only way to get around Estate Taxes is to give it all away to family, die so broke the Estates check to the undertaker bounces.

[NHSparky]

The donor's estate pays Federal estate taxes, you ignorant buffoon, the recipient doesn't have to do anything,

Depends on the source.  When my uncle passed away (yeah, I know, insert stereotype here, but it wasn't THAT much) it was handled as a distribution because it was his 401(k).

Basically, my aunt (uncle's sister) cut each of us kids a check and had a 1099 issued, so we were paying taxes on an "inheritance" as if it were income.

MannyGoldstein 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    Mon Sep-19-11 07:51 PM
Original message
I think that people who inherit wealth deserve it.
   
They worked hard for it. We should not have an estate tax to keep them from enjoying what they earned.

Thank you for letting me get that off my chest.

Exactly what did they do that they "worked hard for it"?  Inquiring minds want to know.

[JohnnyReb]

DUmmies come into this world with a bald head, a bare ass and someone else paying their way. Then they get hair on their head and sit on their ass with someone else paying their way. Then they leave this world the same way they came in, with someone else paying their way.

[NHSparky]

I wouldn't mind leaving this world the same way I came in:

Wet, naked, and screaming...

[Karin]

Once again, their attempts at humor fall as flat as a pancake on a Code Pink protester. 

[DumbAss Tanker]

Depends on the source.  When my uncle passed away (yeah, I know, insert stereotype here, but it wasn't THAT much) it was handled as a distribution because it was his 401(k).

Basically, my aunt (uncle's sister) cut each of us kids a check and had a 1099 issued, so we were paying taxes on an "inheritance" as if it were income.

Exactly what did they do that they "worked hard for it"?  Inquiring minds want to know.

That's very unlikely to have been the estate tax, which is what this dope was talking about, and much more likely a peculiar interaction of an immature or otherwise still-deferred 401K gain versus the income tax law under which inheritance is not income, but you can't liquidate a 401K without clearing the income tax issues first.

[SSG Snuggle Bunny]

I don't get these people who want to leave their enormous financial empires intact to ungrateful brats who did nothing to build them and will do nothing to maintain them.

The Kennedy family just called to tell you to go **** yourself.

[thundley4]

What about these rich asshole senators that marry into wealthy families? Shouldn't they lose all that money, too?

[Freeper]

What about these rich asshole senators that marry into wealthy families? Shouldn't they lose all that money, too?

Do I really have to explain it to you?
Libs are allowed all the money they can possibly have because they vote the right way.

[GOBUCKS]

Libs are allowed all the money they can possibly have because they vote the right way.

Just a few days ago there was a long thread at the DUmp where DUmmy after DUmmy defended
algore making a fortune off his global warming scam.

[Freeper]

Just a few days ago there was a long thread at the DUmp where DUmmy after DUmmy defended
algore making a fortune off his global warming scam.

He votes the right way so he deserves his wealth.

[dandi]

Obviously the DUmmy OP was sarcasm, so I have to ask, if not him/her, who does deserve it?

Apparently, the person bequeathing the wealth thought they deserved it, and they were in a much better position to decide than some anonymous asshole on the internet who didn't even know the parties involved.

Besides, as far as the government is concerned, William Munny's quote should apply - "Deservin's got nuthin' to do with it." Do we really want a Department Of Who Deserves What? If so, what else should they decide regarding what people "deserve"? Their looks? Their talent? Their family? Why limit it to money?

What about the dickhead who works hard and only makes $25k per year, but gets drunk every Saturday night and beats his girlfriend? Is he any more "deserving" of that money than the rich kid who's a nice guy, is kind to people and contributes to charity, simply because Mr. Woman-Beater works harder and makes less?

I don't want the government as arbiter of who "deserves" what. I especially don't want some DUmbass playing that role, because we know how childish, capricious and spiteful they can be. I've seen posts over there from alleged "nurses" who brazenly stated they would give substandard care to an ill conservative. I'm supposed to trust someone like that to divvy up my money based on what they think I "deserve"? Screw that, and screw you, DUmmies.

[SSG Snuggle Bunny]

What about these rich asshole senators that marry into wealthy families? Shouldn't they lose all that money, too?

If you had to put your penis in that you'd earn a few billion in compensatory wages too.

[mark1]

I think that people who earn wealth deserve the right to do whatever they want with it.

[Chris_]

I think that people who earn wealth deserve the right to do whatever they want with it.

That would be the obvious answer, but we don't call them DUmmies for nothing.

[vesta111]

That would be the obvious answer, but we don't call them DUmmies for nothing.

You guys are rather strange to me and your thinking.

Estate is not just about Money Stocks and Bonds, a persons estate may be only the clothes on their back and say a jack knife that he used to when taking a grand child fishing.

Grandchild wants that knife as grandpa promised it to him. What to do to get that promised item with out a will or mention of it in a will????

This is a problem for the family that survives the deceased , there are things that have great sentalmental value to the survivors, much is disposed of after a death that the descendants have no chance to get any kind of memory for their loved one from.

Do I work all my life to have my money that I have paid taxes on go to the State or to family ????

I have paid taxes on this money, why is it not mine to give away any way I please?????

If I will money to a tax exempt organisation they get the money free and clear, but if I will money to my blood heirs, they have to pay more taxes on it. Why this is a gift from family, same as a parent paying for an education for their kids or helping them out in the hard times.

Some people set up trusts for their children where in case of death ,insurance and family money goes into it.   Not sure this works, but quite a few friends are going that way to insure their children can inherit their money. 

Very strange that a child is penalised for having parents that die.  The Death tax is a reminder of very old cultures that We of the world came to America to escape.    If everything we own and have worked all our lives for can be taken by the government---------Better to die so poor the government has to pay to put you in the ground.

[DumbAss Tanker]

You guys are rather strange to me and your thinking.

At the risk of making the Understatement of the Millenium, the feeling is mutual.