wgerrard
Veteran
Libertarian ideology is that if you earn something, you get to keep it. Boiled down, same thing.
Which is why I can't support it. It simply provides a ready platform for the accumulation of wealth and power in the hands of the few.
Libertarian ideology is that if you earn something, you get to keep it. Boiled down, same thing.
To hell with that noise. Families work hard to make a better life for their own children and have something to pass along to them. Then the government takes it away - to prevent feudalism? Yeah, my wife's family was fabulously wealthy and controlled the lives of thousands of serfs. Oh wait; they didn't. Guess it only harmed decent hardworking middle-class people who wanted to keep what their family had owned since the beginning of our nation.
Liberals love to give away other people's money. How I hate them.
Bill, Your family lost their farm because of bad financial planning, pure and simple. Inheritance tax is a percentage of the value of an estate, if they lost the farm entirely, then something else was going on. There are also exemptions to the inheritance tax for family farms (are now...how long ago did your family farm get 'lost' ?) and in any case a farm is a business and should have been structured as one: A corporation with members of the family as shareholders. That way, if one family member dies, the amount of value passed on is too low to qualify for inheritance tax. I've never known a middle class person to EVER pay inheritance tax, ever. It only applies to very large estates. Farms sometimes fall in there because of the land value...but like I said it can be protected, if you're smart.
So who takes care of the physically and mentally disadvantaged, who through birth or circumstances beyond their control cannot earn enough to live? Who provides food, shelter and healthcare for those that would want to work but are so disabled that they can't?
"F*ck them" Is that what you're saying?
Ernst
That's a gross oversimplification of Liberal ideology.
Like it or not, taxation can improve the quality of life. There are countries in the world with no taxation or government... they are not nice places to live.
Taxation is a neccessary evil. Excessive taxation is an unneccessary evil.
Again respectfully, you're not very familiar if you think it's true.
You're right that it's not a "theory". It's propaganda that was cooked up specifically by the WSJ to protect the folks who are the WSJ patrons.
The short version of why it's a transparent lie, an impossibility, is that Fannie and Freddie's problems were a drop in the overall bucket compared to sub-prime loans and bad corporate real-estate loans.
It's popular wisdom because of this propaganda to think that Fannie and Freddie were the standard-bearers of subprime, but this is just a flat-out-lie. Fannie and Freddie were forbidden by statute from engaging in sub-prime loans. They had nothing. At all. To do with it. They like many others were a victim of investments that turned out to be full of packaged fund garbage from Wall Street.
Which is why I can't support it. It simply provides a ready platform for the accumulation of wealth and power in the hands of the few.
Bill, Your family lost their farm because of bad financial planning, pure and simple. Inheritance tax is a percentage of the value of an estate, if they lost the farm entirely, then something else was going on. There are also exemptions to the inheritance tax for family farms (are now...how long ago did your family farm get 'lost' ?) and in any case a farm is a business and should have been structured as one: A corporation with members of the family as shareholders. That way, if one family member dies, the amount of value passed on is too low to qualify for inheritance tax. I've never known a middle class person to EVER pay inheritance tax, ever. It only applies to very large estates. Farms sometimes fall in there because of the land value...but like I said it can be protected, if you're smart.
Who owns the yardstick?
Taxation is a neccessary evil. Excessive taxation is an unneccessary evil.
Who owns the yardstick?
First of all, I don't think taxes are fundamentally evil. If there were no taxes, there would be no army for instance. (Actually, there would probably be some militias, but they'd have names like "The Bill Gates Squadron," or "General Motors Battalion.")
Where is the line drawn between necessary and unnecessary? That's what separates the libs from the cons.
Whoa.
Feel free to send me what you earn, then. 🙂
Show me a government program that creates wealth instead of simply taking it from those who do...
It was my wife's family and it happened long before I met my wife. But sure, let's make it my fault. I'm surprised the liberals haven't figured out a way to tax me for what my wife's family failed to plan for well enough.
Teaching elementary kids reading, writing and arithmetic, goes a long way to creating wealth in society.