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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (319985)1/11/2007 2:58:13 PM
From: tejek  Read Replies (1) of 1575712
 
What I am suggesting is that we need to increase the inheritance tax rate in order to discourage the creation of dilettantes like they had in Europe before their assorted revolutions.

A government that institutes strong policies in order to "discourage the creation of dilettantes" is indeed creeping toward totalitarianism.

No, it isn't........you're mixing governance and economics.

There is a certain expense to living in a democracy. To live in one, you a pay certain price. Nothing is for free.......accept it.

Also a large increase in the inheritance tax wouldn't prevent the existence of wealthy people who act like Paris Hilton.

It will however distort investment as people try to avoid the tax, and likely to an extent it will reduce investment or displace it to other countries (if the new rate is high, and the many existing loopholes are mostly closed).

So they try to find ways to avoid it.......the gov't will fill the loopholes. Its too bad gov't has to play that game with its citizens.
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