Posted on 01/17/2003 7:44:43 PM PST by demosthenes the elder
So Bill Moyers and a pack of phenomenally hyper-rich folks don't like the idea of repealing the death-tax. They keep spouting inanities about concentrations of wealth, about how the end of the death tax will create an american aristocracy and a huge sea of penniless serfs. I somewhat suspect that the opposite is true, that the death tax as practiced thus far has done incalculable damage to the working poor and middle classes by ripping the fruits of their generations of effort away from their descendants. Farms DO get foreclosed. Mom&Pop shops DO close down. Family homes DO go on the chopping block. Conversely, the hyper-wealthy have always been able to afford the tax-lawyers and shelters and offshore scams to hoard their wealth and scape the death tax. To Chuck Collins and the Elder Gates... if you are so darned worried about your kids being "overpriveledged", why not just give ALL of your money away to charitable organizations in your Wills? Dumb-asses! Who are you trying to fool?!?
A modest suggestion to the "Resposible Wealth" idiots and liars: Let the death-tax live on in a new form, one which only hammers those who inherit over 100,000,000 2003 US dollars in mixed assets. Leave the rest of us (you know, the poor and hardworking 99.5% of the population) to accumulate family wealth. That, and only that, will "close the wealth gap" that you folks shed such copious crocodile tears bemoaning. end of rant.
The "progressive" income tax is the second plank of the Communist Manifesto. Wake up America! We have a Marxist tax system!
Karl Marx and Friedrich Engels popularized the notion that "From each according to their ability, to each according to their needs" in 1848 and the world soon began to go to Hell in a handbasket.
The concept means, of course, that the more a person works, saves and invests, the higher their tax rate. So in America, we have negative rate taxes (Earned Income Tax Credit), 0%, 10%, 15%, 25%, 33% and 38 1/2% tax rates.
The most evil concept ever conjured up in the insane madness that is "taxation" is the concept of "progressive taxation."
Jolly Good! By all means, let us continue to punish those who contribute the most to our society and reward those who contribute the least!
And then some fool decided it was "unfair" to let a parent pass on to his/her children and grandchildren the fruits of his/her labor, and the government began yet another round of wealth confiscation!
The means to end this pernicious class warfare is to replace the income tax (including estate or "Death" taxes) with a flat rate National Retail Sales Tax and abolish the IRS.
I have sworn upon the altar of God eternal hostility against every form of tyranny over the mind of man. [Thomas Jefferson, letter to Benjamin Rush, 1800.]
We will never be a truly FRee people so long as we have the income tax and the IRS.
Click here to help us scrap the Code, scrap the IRS and abolish the VLWC!
We will never be a truly FRee people so long as we have the income tax and the IRS.
You can also click here to sign a petition in support of Fundamental Tax Replacement.
We will never be a truly FRee people so long as we have the income tax and the IRS.
Absolutely we do and I have NEVER been able to figure out WHY!
The United States of America has held itself up, for an entire century, as the world's chief enemy of Communism but yet we have a MARXIST tax system.
WHY????
I thought the Liberal Dimocrats are our aristocracy
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