The richest woman of the gilded age

[TheDawn]

Inconfidence is a valid and accepted term (though its more often spelled as separate words).

The word inconfidence is rarely used in the English language to mean lack of confidence. It's a very awkward word. Usually people just say "lack of confidence". The term "in confidence" is totally different. It means something is handled confidentially with someone who is trusted not to reveal what is disclosed; it does not mean "lack of self-confidence" when it's written "in confidence".

 

[M.W.]

You don't seem to understand how taxation works. You can't just give unheard sums to children tax free even during your lifetime. And spending it all or giving it away is exactly the intended effect. You earn it, you spend it, you die. Win win. It disincentivizes building up a 1% class that owns more than half of a nation's entire asset base. Watch the video clip I posted, you don't seme to be all that informed on the debated issues.

Ok I see what you are saying. But your idea of 100% inheritance tax would not produce the effect that you are seeking. You are saying with a 100% inheritance tax, people would be more encouraged to give to charities? LOL No with a 100% inheritance tax, it would just encourage people to either accelerate their spending to try to make sure to spend as close to 100% of their wealth as possible or to try to give away as much of their wealth as possible during their lifetime to their children if they are really determined to share their wealth with their descendants. They would still create generational wealth it's just with a shift in its timing. Instead of creating it after the giver is gone, now it's created while the giver is still alive. It won't change a thing. For people who want to donate to charity, they would donate to charity regardless of whether there is a punitive inheritance tax or not. For people who don't want to donate their wealth to charity, you can have a 1,000,000% inheritance tax and they still won't donate.

You cannot force people but encourage, inspire and guide people, something that autocratic regimes can never understand obviously.

 

[M.W.]

And suddenly you are a linguistic expert. Lol. I checked the dictionary and it's a valid term. You seem to have huge issues with admitting to be wrong. You incorrectly termed something a contradiction which was not. You get all heated about a choice of terminology which you are incorrect about. And you put words in my mouth I never used. None of which you can admit or apologize for. I knew interacting with you was a bad idea, yet I got again sucked in.

The word inconfidence is rarely used in the English language to mean lack of confidence. It's a very awkward word. Usually people just say "lack of confidence". The term "in confidence" is totally different. It means something is handled confidentially with someone who is trusted not to reveal what is disclosed; it does not mean "lack of self-confidence" when it's written "in confidence".

 

[M.W.]

That I give to you. You are right yet the way I spelled it (together) means lack of confidence.

The word inconfidence is rarely used in the English language to mean lack of confidence. It's a very awkward word. Usually people just say "lack of confidence". The term "in confidence" is totally different. It means something is handled confidentially with someone who is trusted not to reveal what is disclosed; it does not mean "lack of self-confidence" when it's written "in confidence".

 

[TheDawn]

It seems you don't hold speaking the truth in high regard to score some cheap points. You should not put words in others' mouth they never spoke. If you excuse that also as some virtue as you seem to worship legacies then I am not surprised of your opinion.

First, thank you for acknowledging that I have scored some points LOL although that was never my intention whatsoever. Second, I do NOT worship legacies but was just stating what legacies really albeit imo. If you regard that as a virtue, why again thank you. LOL

 

[M.W.]

You are an idiot who can't admit he is wrong. And you don't seem to be able to hold a dialog which requires listening and responding to what someone else wrote.

I gave you an opportunity, back on ignore.

First, thank you for acknowledging that I have scored some points LOL although that was never my intention whatsoever. Second, I do NOT worship legacies but was just stating what legacies really albeit imo. If you regard that as a virtue, why again thank you. LOL

 

[TheDawn]

And suddenly you are a linguistic expert. Lol. I checked the dictionary and it's a valid term. You seem to have huge issues with admitting to be wrong. You incorrectly termed something a contradiction which was not. You get all heated about a choice of terminology which you are incorrect about. And you out words in my mouth I never used. None of which you can admit or apologize for. I knew I should not exchange ideas with you, yet I got again sucked in.

Yes you got sucked in because you don't know how to let go. LOL You always have to win and have the last word. You need to learn to let the other person win and be correct even though you know you are right and the other person is absolutely wrong. Once you have learned how to do that, you will see life is a wonderful thing and you will have different opinions about legacy and everything. And you will see your children differently too assuming you weren't trolling about what you made them do.

You can start to learn to let go by not responding to this post, see if you can. LOL

 

[murray t turtle]

You don't seem to understand how taxation works. You can't just give unheard sums to children tax free even during your lifetime. And spending it all or giving it away is exactly the intended effect. You earn it, you spend it, you die. Win win. It disincentivizes building up a 1% class that owns more than half of a nation's entire asset......

%%
Good points.
Except most anything, especially private sector , including state + local tax is much better than fed tax, for efficiency. + wisdom. Perhaps the one exception , private sector CPA makes a good living off peoples wisdom not wanting to give feds much tax .
Even many Fed like that idea of no tax thus tax free muni bonds LOL/tax free Roth, tax free back door Roth..........................................................................................
i dont blame you for wanting the last word/I get that right now;
even though last line = not a prediction