Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (746916)	8/4/2006 9:53:15 AM
From: TimF	Read Replies (1) \| Respond to of 769670

My point is that the article is an implied justification for taking wealth from people because of some personal habits they might have. Sort of "this person is obnoxious so lets take their money, how you you possibly defend not doing so, look how bad they are". Taxes mostly aren't and shouldn't be about finding people you don't like and stealing their money, and even if they where, if you change tax law to hit certain people you don't like you also hit a lot of people without the qualities that you dislike. In addition the inheritance tax is particularly confiscatory. The rates are high, and usually paid on money that was already taxed. Separate from that argument is the point that high inheritance tax rates encourage people to avoid paying the tax any way they can, so the benefit from the tax is not nearly as great as it could be, and the interventionist aspect of the tax, forcing people to make their decisions based on the tax rules is high.