Wonder why he wrote this?
Disincentive to take risk and invest in business which creates wealth.
Promotes laziness and slackers while creating reliance upon big government (vote for us, we will take care of you).
Inflation increases when government manipulation starts happen by printing money. Heck, these days they just create it electronically out of thin air, particularly since we are off the gold standard.
Taxation to redistribute wealth is against the Word of God and all things capitalistic. This was not the intent of our founding fathers.
Bad yet lawful theft and stealing if just wrong.
What gives government the right to forcibly take wealth from its creator(s) in order to redistribute it to people with less? It is a strange world we live in when government tries to snatch money from hardworking families to subsidize people who are on welfare.
Great question #ragnarsbhut.
I am not sure what ‘right’ they claim but to get to the way as the old saying often leads us, ‘follow the money’ which in this case is the use, or better said the misuse, of power. It’s the beginning of the end when the have not, the takers, out majoritize the makers, the contributors.
Give us YOUR money because we know how spend it better than you is their ugly mantra. If funny (the odd kind) is they are almost always most generous…with OPM (Other People’s Money).
Kirk, what are your thoughts on the estate tax?
It double taxation (taxing money that has already been taxed) so its not fair.
What is fair would be a flat tax on income or sales.
What do you think 🤔?
While it is true that inherited wealth is new income to the recipient(s) of the inherited wealth, subjecting a grieving family to a tax burden is heartless. Why not have a flat tax of 15% on incomes above $57, 000.00 and call it good or have a simple sales tax?