Very liberal of you. You think you're entitled to the fruits of others labors to grow government even more. You sure you didn't make a wrong turn and accidentally end up on a conservative website?
Great. Typical liberal debate tactic — when you can’t argue the point, you start insulting the other person.
My post said NOTHING about how much the government should spend. Taxes WILL be collected to cover the spending one way or another unless you think deficits can just go on forever, and if some people are allowed to freeload, those taxes must be extracted from others. So your championing untaxing the estate is also an attack on everyone else with regular investment income, forcing them to pay higher taxes to make up the difference.
How about explaining why one person must pay taxes on their investments just because they happened to sell them while alive while another person’s estate should not have to pay taxes on the same type of investments just because the previous owner died. I don’t think you understand what I wrote and how different it is from how inheritance tax is done today. Today, the full inheritance is taxed at 55%, while my post was to tax only the NET gain at the same 15% rate that other investments pay.
If any investment is going to be taxed, all investments should be taxed.
Not twice as they are today at the corporate level and then again as capital gains as liberals like, not deferred forever as eliminating the death tax would accomplish, but ONCE at the individual level when the gains are realized so all investors and investments are treated the same.
Imagine two seniors with 1000 shares of Apple stock. They both get sick. One of them sells his stock to prepare for hospital bills and realizes a $400K gain, must pay $60K in capital gains tax, and then dies leaving $340K to his heirs. The other just dies and his heirs get the full $400K tax free since you eliminated estate taxes and the senior never realized his capital gains so never paid the $60K tax that was deferred while he held the investment. Explain why you would treat these two investors differently.
Conservatives should NOT favor unequal treatment. I can see why you like Santorum. He’s not a fiscal conservative, and neither are you. You’re both social engineers, looking for ways to shift tax burdens around as though government should be making people’s decisions for them.