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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (260152)	11/14/2005 8:30:09 PM
From: combjelly	Read Replies (3) \| Respond to of 1572780

"How about if we just make the inheritance tax 100%?" There is always the Elroy Proposal. You can pass on everything you have managed to save from investments or work during your lifetime to your heirs. But any money you inherited gets taxed at 100% upon your death.

To: bentway who wrote (260152)	11/14/2005 8:42:51 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1572780

JCP, How about if we just make the inheritance tax 100%? Then we wouldn't end up with guys like the Chrysler scion OR Paris Hilton Then how would parents be able to pay for their kids college tuition, or buy them a new car, or hand over the family farm/store/house? Besides, there are ways around the inheritance tax, is there not? In Miss Hilton's case, she might eke out a living as a skinny prostitute, but at least she'd be WORKING. I remember discussing this issue with someone regarding Bill Gates and how he said he won't leave his children with more than a fwe hundred thousand dollars. The funny thing is that the Gates children will still inherit something that's extremely valuable: the Gates family name. I figure that even if you start Paris Hilton at "zero," she'll still have her family name, and that will always give her a leg up over the competition ... Tenchusatsu

To: bentway who wrote (260152)	11/15/2005 1:52:58 AM
From: Elroy	Respond to of 1572780

How about if we just make the inheritance tax 100%? Capital flight. You make $200 million, and stash it all in offshore accounts, and when you die your inheritors move to Europe and become idle rich over there. Meanwhile, $200 million just exited the US financial system. Repeat for every successful entrepreneur.

To: bentway who wrote (260152)	11/15/2005 1:11:24 PM
From: tejek	Respond to of 1572780

In Miss Hilton's case, she might eke out a living as a skinny prostitute, but at least she'd be WORKING. Its really scary how thin she is. I saw a picture of her the other day and her arms look like they were right out of a Holocaust camp. And for some reason, she always leans backwards when someone takes a photo of her. She is one very strange chick. BTW her grandfather who made all the money didn't want her or the rest of her family to have his money. However, after he died, Paris's parents fought his will in court and won. ted