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 #2 (permalink) Wed May 30, 2007 6:15 am People oppose the government's taxing the assets a person leaves at death |
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| Quote: |
Many people say they oppose the government's taxing the assets a person leaves at death.
Do you support or oppose? |
Hi Aleaf,
First of all, I know that people,when hearing this taxing from the government at the first time, will throw a tantrum about it. I can't decide definitely to support or oppose,but I would long to know the clear motive of that act. :?:
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Rosalisa
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| #3 (permalink) Fri Jun 01, 2007 13:47 pm People oppose the government's taxing the assets a person leaves at death |
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Rosalisa:
I think this act mainly aims at the rich. when they depart they will leave huge amount of money which he/she can't take away to the other world(heaven or hell).Taxing will be taken by the government according to the amount of money left. I think some people oppose it because they think it is not correct to tax a dead person.
Aleaf
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Aleaf
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| #4 (permalink) Fri Jun 01, 2007 14:51 pm People oppose the government's taxing the assets a person leaves at death |
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I'm mostly against the Death Tax.
You work hard your whole life to support and care for your family. You should be able to leave them what you worked so hard to attain.
I'm not saying you can't tax those assets at all... just don't be overzealous about it. It is, after all, their money.
(this is in-step with my overall espousal of free enterprise/financial liberty)
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Prezbucky
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| #5 (permalink) Mon Jun 04, 2007 3:20 am People oppose the government's taxing the assets a person leaves at death |
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| aleaf wrote: |
| I think this act mainly aims at the rich. When they depart they will leave huge amount of money which he/she can't take away to the other world (heaven or hell).Taxing will be taken by the government according to the amount of money left. I think some people oppose it because they think it is not correct to tax a dead person. |
Fiirst off, Aleaf, rich people have as much right to their money as other people do, and they have the right to pass it on to whomever they choose. Government bureaucrats had no role in creating this wealth (and in many ways made it more difficult), and so they shouldn't have any say over where it goes.
Next, remember that the money that the person has made has undoubtedly already been taxed, and if the person is rich, it has been taxed at a very high rate. Taxing it after the person's death is a form of double taxation, so it should be illegal.
And here's another problem: Sometimes when people die -- poor people, middle-class people and rich people -- the assets they leave behind are in the form of a business or a farm that their spouse or children run, and this business is their family's source of livelihood. When this business or farm becomes subject to a heavy death tax, as it sometimes does in the United States, the tax often threatens to put the family out of business and take away their means of support. In countries with high death taxes, every generation it may happen that the family has to get a loan from the bank in order to buy their own business from the government (i.e., to pay the taxes on it). Sometimes -- just to pay the taxes -- teh family has to sell the business to someone else, which also results in the loss of their livelihood.
And most of the tax money doesn't go to any good purpose anyway, but mainly feeds the government bureaucracy.
Socialism of this type is a form of stealing, so it is really a criminal enterprise. Government shouldn't be in the business of equalizing people. It should just make sure that the rules are fair and that everyone has a chance to succeed. |
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Jamie (K)
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| #6 (permalink) Mon Jun 04, 2007 8:20 am People oppose the government's taxing the assets a person leaves at death |
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Jamie:
yayaya you did me wrong again:))
I just picked this sentence out from an english newspaper.The topic of the article is about "Class in America" It did not happen in china.
The sentence is chosen from the following paragraph:
But most do not see a level playing field. They say the very rich have too much power, and they favor the idea of class-based affirmative action to help those at the bottom. Even so, most say they oppose the government's taxing the assets a person leaves at death.-excerpted from <class in America>
When i read this paragraph at that time i just wondered what was the opinion of those foreigners?
aleaf :)
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| #7 (permalink) Mon Jun 04, 2007 11:10 am People oppose the government's taxing the assets a person leaves at death |
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| aleaf wrote: |
yayaya you did me wrong again:))
I just picked this sentence out from an english newspaper.The topic of the article is about "Class in America" It did not happen in china. |
I didn't get you wrong. I assumed that the question you were asking dealt with the United States, and I was talking about the United States.
| aleaf wrote: |
The sentence is chosen from the following paragraph:
But most do not see a level playing field. They say the very rich have too much power, and they favor the idea of class-based affirmative action to help those at the bottom. Even so, most say they oppose the government's taxing the assets a person leaves at death.-excerpted from <class in America> |
This is just an illustration of how much ordinary Americans -- and especially rich Americans -- have been convinced by Marxist ideas, even though if you asked them, they would claim they don't believe in Marxism. In fact, one experiment that high school civics classes sometimes do is to take a very Marxist sentence from The Communist Manifesto and ask people what document it came from. Most Americans on the street say that it comes from the US constitution!
And nobody is more socialist in America than rich people who have inherited their money. (Only a minority of the rich in America inherited their fortunes. Most make it by working very hard at a very boring business that they own.) These rich people very frequently propose ways to "narrow the gap between rich and poor", usually with various sorts of taxes. However, they don't have to worry about being taxed themselves, because their money has already been earned, and most of it is usually invested in places where the income is not taxable. The result is that, instead of taxing people who are rich, they usually end up placing very heavy taxes on hardworking people who are not that rich but are very productive. So basically you have rich people spouting socialist ideas, taking away large parts of the income of people who are not rich but might become rich, and at the same time keeping their own wealth protected.
You can see this in US presidential campaigns. There is usually a rich Republican calling for everyone's taxes to be lowered, and a rich Democrat calling for higher taxes on the rich. The Democrat's proposals never involve higher taxes for himself, however, even though he is rich. A good example is John Edwards, who ran for vice president in 2004 and is now running for president. He has tens of millions, maybe hundreds of millions of dollars, and is always calling for high taxes on "the rich" and for universal government healthcare. However, he had used various laws to avoid paying more than $700,000 in medical insurance taxes. So he wants socialism, but not for himself. |
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Jamie (K)
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