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To: jttmab who wrote (14278)6/6/2002 3:00:29 PM
From: Lazarus_Long  Read Replies (1) | Respond to of 21057
 
And you said wealth is only accumulated through tax deferment. So: If there is no tax deferment, then logically there can be no wealth.

Alternatively, wealth is almost always accumulated by tax deferred mechanisms.
OK, you said "almost always. So the vast increase in US wealth since the passage of the income tax is almost entirely due to that tax? Is this your story?

Real estate, stocks, options, the intrinsic value of a business. All tax deferred wealth under the current tax code.
OK. So why not tax them as though they had been sold at time time of death instead of at the different estate tax rate?



To: jttmab who wrote (14278)6/6/2002 3:10:10 PM
From: Lazarus_Long  Read Replies (2) | Respond to of 21057
 
You also seem to be taking the common liberal attitude that wealth inherently belongs to the gov't and it only allows us to keep some of it for a while out of its graciousness.

Unrealized gains on stock or real estate "naturally" belong to the government, so of course they are entitled to a cut, either at sale or at death? Says who?


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