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To: PeterPrinciple
You evidently think concentration of wealth and power is ok.

Nope, didn't say that. I did ask though how much one must possess/invest/save to be considered a concentrator of wealth and power.

Today, I believe the answer is $3.5 Million. Well, the next question is obviously this -- where did we come up with this amount ?

We also have to remember, $3.5 Million might be a heck of a lot of money in say, Puerto Rico or the Virgin Islands. But it is a pittance in a city like NYC or San Francisco.

So back to the question --- what value do we choose to qualify as too much concentration of wealth and power and why ?

Based on what criteria ?
25 posted on 07/06/2010 9:52:30 AM PDT by SeekAndFind
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To: SeekAndFind
Your questions are not good ones.

See my original post.

1) Very few pay.

2) it is an manipulated emotional issue and very few understand it.

3) GETTING RID OF THE ESTATE TAX WILL ACTUALLY INCREASE TAX REVENUE!

4) The estate tax does not accomplish what I think is the original concern.

A tax is a tax whether it is collected as an estate tax, capital gains, or income tax.

My personal preference is to get rid of the estate tax. If the heirs don't want to pay the income tax, they simply don't have to sell the inheritance. We eliminate one dept in IRS and put some lawyers out of work. Will it solve all problems? NO. we will still have concentration of wealth and power, that is why the right to bear arms is so important.

We counter the consolidation of wealth and power through freedom. We were all equal under the law and had equal opportunity. That was the great thing about America, we were not stuck in a “class” and could move up and down the ladder.

27 posted on 07/06/2010 10:22:42 AM PDT by PeterPrinciple ( Seeking the truth here folks.)
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