Posted on 08/19/2021 7:00:06 AM PDT by Kaslin
Create a Family Trust NOW!
That's The Plan....................
Plank #3 of the Communist Manifesto: Abolition of all rights of inheritance.
http://www.laissez-fairerepublic.com/TenPlanks.html
Killing the housing industry, and causing renters to be evicted...............The Plan is working!.................
Wealth distribution by any other name is still theft
In what country on earth, could a net estate after taxes be reduced from $4.2 million to zero over night by passing a new law?
—
China
They are talking about killing those too
They are pretty confident they can do this without any consequences to themselves.
And keep most of your cash close very close.
Wealth acquistion by the state is not the same as wealth redistribution. The cost of redistribution including government and outside middle men is somewhere between 70 and 99.9% of the assets seized. That is the whole point.
And it further benefits the bottom feeders in our society - the vulture capitalists who can swoop in and purchase the resulting defaulted, abandoned or foreclosed properties for pennies on the dollar.
And when they go after that?
Other named family members are current "owners".
> would subject individuals with net assets not in the same zip code... <
Unbelievable. Now the government is trying to tell you where you should live, and where you shouldn’t.
I’m wondering if they’ll ever go after Roth accounts (Roth IRA, Roth 401k, Roth 403b, and Roth 457). If my wife and I earn 10% annually (we actually earn more than that), live off of 4% withdrawals annually for a net gain of 6% annually, and live until we’re in our 80’s, then our estate is liable to be above $10 million. And all of it in Roth IRA’s. (Not all of our wealth is in those now, but I’m converting tax deferred accounts in chunks to Roth IRA’s to migrate to Roth IRA’s eventually without putting us into an ultra-high bracket on a one-year conversion event.) Of course, that’s with the assumption that they’ll grow tax free forever (or at least until the 10th anniversary of mine and my wife’s deaths, when my kids will have to have moved their inherited Roth IRA money out of the accounts).
At some point, things get kinetic.
The Government needs more of your assets to fund socialism.
As I have said, if the American taxpayer gave every damn red cent to the dems, it would not be enough.
What ever happened to the ‘US Taxpayers’ party?
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