QUOTE(RedCedar @ Jun 8 2006, 08:04 AM)
Estate tax complaints by Republicans - Idle Government (i.e. idle American public) taking money from working rich
It sounds like the same complaint to me. The complaint I am hearing from those against the "Death tax" or the push for the recent wealthy tax cuts is that "THEY EARNED THAT MONEY, IT'S THEIR MONEY". I'm not talking about "excessive", etc. But god knows that the paychecks for the very wealthy can be very EXCESSIVE, i.e. see $400 Million to exec at Exxon or just about any top CEO in the country.
Again, maybe the Republicans would be agreeable to some distribution of wealth for these EXCESSIVE incomes? After all, they seem to be making an argument for it!?! Fairness, right? Don't tax them excessively, then don't leverage THEIR position excessively?
Again, if Republicans can say "suck it up" to the working poor or the people they make profits OFF OF. What right and what UNMITIGATING GAUL do they have to say they EARNED those tax dollars that are being taken away?
Ok. I'm going to make this very simple in reference to the estate tax and why it has
nothing to do with Marxism....
The estate tax issue in reference to anyone's stance, specifically the Republican party, moreover has to do with the notion that taxes have been paid on that income or property already.
Basically stated, if I earn $80,000 for ten years, I'll be paying my ridiculous taxes every single year to the IRS. This doesn't even account for the idea that my home has had taxes paid to the state and local governments for this whole time. If I died, and left say $40,000 to my kids and my home, as it stood they'd have to pay taxes again. Why should the gov't taxes these assets multiple times?
Your argument about Marxism and economic inequality in the US has no real foundation, in that economic inequality in the US has nothing to do with a state run system or any other school of communist thinking. You might be able to make an argument for a theory such as the Kuznets curve, but Marxism and the Republican party?
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But when you start in with "I've earned that money" then you're stepping into the same realm as Marxism. And then all must be re-evaluated. Let's start out then at whether you REALLY earned that money or NOT. And at that point, you would have to have some compassion for a Marxist's POV? No
It's not about who earned the money, but moreover the government's right to tax the same "bucket" of money more than once.
Consider the idea that if I live to be 80, and have massed say $500,000 in assets via insurance, investments, and property over the course of my life. These assets would've most likely been subject to income tax, property tax, capital gains tax, and sales taxes. Why on earth should a child have to pay the government again for said property?
What you're really advocating is that the vast majority of Americans who's parents attempted to leave their children something, by no means the "uber rich", will be taxed on whatever happens to be left after burial costs, etc.
You're negating the notion that estate taxes affect everyone in the US. Just because the 1% of America that is absurdly wealthy is staying wealthy, doesn't mean that any taxation will change the distribution of income. There is
not a theory on the planet that negates the notion that economic inequality will exist, except for in the least developed cultures. Also, there are and have been far more drastic disparities in Western Culture in reference to this scenario.
Marxist coorelations can be drawn maybe to Chinese economics in the past 50 years, but in the US I can't possibly see how you can make the connection.