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Politics : The Citizens Manifesto -- Ignore unavailable to you. Want to Upgrade?


To: Elroy who wrote (303)7/24/2005 12:14:40 AM
From: combjelly  Read Replies (2) | Respond to of 492
 
"On the other hand if you tax inheritance or any earnings too highly, then the incentive to create wealth diminishes and we'd never get great leading companies like MSFT."

Not a good example. But, ok. Your solution is not too bad. The heart of the problem is that people, like the Walton descendents, who don't contribute much, but feel they have a right to dominate because they have an ancestor who made a difference in the country, push the issue of being important just because they had an ancestor who had an epiphany about how business is done...

Sam's decendants are not superior to anyone else. Now true, they have more money, but that doesn't mean they are better. That is what FDR and Teddy were all about. But that is a reality-based argument...



To: Elroy who wrote (303)7/25/2005 4:37:22 PM
From: Road Walker  Respond to of 492
 
re: So the heirs of a person that inherits significant wealth would get taxed at a higher rate on any wealth that the receive that their beneficiary did not create during his/her lifetime.

Not bad....

John