NBC News/Wall Street Journal Survey has Sanders Besting Trump, Rubio.

[ETcallhome]

You"ll have no problem buying a house in that subdivision. The heirs to very large estates will inherit a large amount of money after taxes.

In the U.S., because of the large estate tax exemption, we are only talking about exceptionally large estates. It could happen that in very large estates the federal and state governments could combine to tax more than 50% of the estate. This would be extremely rare however. The exemption is high in the U.S. You could be forced to sell while walking away with millions. But again, these would be rare situations. What would be much more common is that a large estate is left to several heirs that can not agree among themselves, and the only way to resolve the situation is to sell the estate. In that situation each heir may have to settle for only a few tens of millions. Tragic. When estates have to be sold for taxes it is because the cash flow and liquid assets are not sufficient to pay the estate taxes owed. The question that arises in that situation is, is it better to walk away with millions or go to the guillotine? Most will be happy to walk. What I mean by that is that if a country allows fortunes to be built up, at the expense of the common man, eventually their will be a guillotine. Sentimentality is an attractive human trait, but it can also be the root of stupidity.

I plan to leave a sizable estate when I die. But my heirs will split less than 5 million. If that is not enough for them, then god bless them, because they might have to work for a living..

Personally, I think the French revolution was a good idea. Present day France resulted. I rest my case.

will the heirs have enough to keep the family farm which now may well be over 3k acres and the several million dollars in equpiment? Even though in many years those farmers make less than 100k per year? Is your answer, "Well hell, if that's all you're making you'd be be better off just retiring and putting it all in the S&P."?

Bernie is running out of money. He and his followers have now been reducued to foraging for any crumbs left over. They've long since given up the idea of making money.

A country that doesn't let fortunes build up will be reduced to a country of nothing but common men. And who will control those common men? You guessed it, FEEL THE BERN!

 

[Frederick Foresight]

Of course the government took most of it, and forced you to sell the family farm at a loss. You can now drive by the sub-division the developer is building on your family's land but still can't afford to buy a house in.

Are you referring to that unfortunate and often overlooked top tier one fifth of one percent?

 

[Frederick Foresight]

I read that post FF. I don't see any irony or inconsistency in taking the position that the estate tax is too onerous and should be lightened, if not eliminated, and simultaneously taking the position that welfare should be reformed and people should, as a general rule, support themselves and live within their means.

You don't want the estate tax and you previously suggested doing away with all forms of welfare. So the people with nothing get nothing. And the people with everything keep everything. And your general rule of self-sufficiency applies ONLY to the unfortunate. Meanwhile, the most fortunate just keep getting more fortunate by also getting an exemption to your general rule.

 

[ETcallhome]

Are you referring to that unfortunate and often overlooked top tier one fifth of one percent?

I'm confused. Do you want to eliminate the "top tier one fifth of one percent"? Or do you just simply want to turn them into highpriced slaves who work for all the rest of us? How bout limiting the top 1% to a 40 hour work week? And 90% of what they make must go to the government. That should cut them down to size.

 

[Frederick Foresight]

I'm confused.

Yes, you are.

 

[ETcallhome]

Yes, you are.

and so is anybody else who tries to follow the logic that we can get ahead by making others fall behind

 

[Frederick Foresight]

and so is anybody else who tries to follow the logic that we can get ahead by making others fall behind

Depends on which "others" you are referring to.

 

[ETcallhome]

Depends on which "others" you are referring to.

you talk about the rich like they are the enemy. Why not just make it illegal to be rich?

 

[gwb-trading]

Are you referring to that unfortunate and often overlooked top tier one fifth of one percent?

Won't you think of their suffering for a change?

 

[ETcallhome]

pick a number any number. In my day it was 1.5 million. If you had that you could quit your job and invest full time. Now it is probably more like 3 million. That is enough for any individual. So let's just put a cap on net worth at 3 million dollars. If you have more than that you must give it to the government. And they will decide how best to use it. At that rate, we could run the government for a week or more on nothing more than Bill Gates net worth.