Here in the UK those taxes kick in at a few hundred thousand... that is a very real prospect for many
@jamesgoldman Sorry. I don't live in the UK. The UK and pretty much every European nation operates on a form of socialized democracy. You can't explain that to the majority of fake conservatives here. They don't understand actual governing principles. They just use the forum as a loudspeaker for extremist ideals.
I don't agree with it, not at the level and rate... I know older people who are selling up to gift/spend the money whilst they are alive to avoid the tax... if it say kicked in at 10% on a million and 25% above say £10million it would be far fairer
@jamesgoldman Hey, you can disagree with. But there are facts and then there are myths. In Europe, it is assumed the government must take some tax dollars and use that for the public good. That's why you have free healthcare, a social net, etc. In America, we built our society based upon different assumptions. But again, it isn't like you are going to find enough intelligence here to have a discussion.
I don't disagree with the concept of it, if it was as I listed but 50% of everything you own once you reach 300k... better to die with quarter of million tax free than 400k before taxes
So penalize success and inventions by people. With your ideas , we would not have phones or cars
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Redistribution of wealth is what you want. That is really theft. Taking from people that own it and give it to people that won't work
It's money that's already been taxed. So I disagree.
@PinkMichae and @888thegreat I'm only talking about taxing estates after a certain value. For instance, if your estate is valued at over $20M, for instance.
Sort of like game shows , you win free stuff, then you find out the taxes you got to pay and you can't afford the "FREE" stuff.
Does Canada have high tax on it? So, your favorite uncle leaves you a $300,000 House and $60,000 car , how much would you pay in taxes?
@888theGreat I have no idea.
So , how would you have streets and police and a military? Even Jesus understood you need taxes for those things. He believed in 10% to God and 10% to Governments and you still have 80% of what you earned to do what you want.
Simple use tarrifs instead