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

To: i-node who wrote (595662)	12/14/2010 10:57:52 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 1584048

Estate tax generates about $25B a year. Eliminate FOUNDATIONS like the gates foundation and it would generate a lot more.

To: i-node who wrote (595662)	12/14/2010 11:37:32 AM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1584048

Inode, > The cost of borrowing by localities skyrockets, and the infrastructure for charitable giving collapses. With higher tax revenues, localities wouldn't have to borrow as much. At least until their budgets once again grow to the level of tax revenue. Then libtards will start whining once again about how the rich continue to get richer and aren't taxed enough. As for charitable giving, Buffett and Gates will still give away their billions. Others may not. Academia and the arts, which rely a lot on huge charitable gifts, may suffer. But hey, they can once again rely on the biggest "charity" of all, which is government. And with the Buffett and Gates "deductions" capped, they'll be rolling in the dough. Either way, government will grow and grow. Public spending already makes up 25% of this nation's GDP. Why not increase it to 33%? Or even 50%? Tenchusatsu