How capitalism works?

Althea said:
If you have to ask that question, they you don't qualify to comment in this discussion.

Or is this another illustration of your habit of feigning stupidity?
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You stated Each time Democrats try to pass tax cuts for the working class, it gets blocked by Republicans who demand corresponding cuts for the wealthiest in the nation.

I asked for examples because without then, you are talking nothing but smack and I can't reply to smack. It is up to YOU to provide proof, not some open-ended bullshit statement, before others can respond.
 
Nordberg said:
Teddy Roosevelt started the inheritance tax. He explained the danger of passing wealth and power along. https://www.wbur.org/onpoint/2010/12/15/teddy-estate He was a very rich man and knew what a danger the wealthy with passed-on fortunes were. People who die o not have any say. They no longer care. Why do you care for them?
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He was mistaken. His assumption was that wealth is finite and it would accumulate only to a few without such a tax. In reality, wealth is not finite but changes and usually grows over time. That is, there is more wealth in the world today than there was a thousand years ago, or even a century ago.

Since the size of the pie isn't constant, all an inheritance tax does is let wealth and power accumulate to government, the worst possible thing that could happen. What an inheritance tax does is strip away the possibility of a succession of generations from growing their wealth. The best example would be the family owned farm that loses their land over generations through an inheritance tax leaving them relatively impoverished when they should be rich.

all-taxation-is-an-evil-but-heavy-taxes-indiscriminately-levied-on-every-everything-are-one-of-the-quote-1.jpg
 
T. A. Gardner said:
You stated Each time Democrats try to pass tax cuts for the working class, it gets blocked by Republicans who demand corresponding cuts for the wealthiest in the nation.

I asked for examples because without then, you are talking nothing but smack and I can't reply to smack. It is up to YOU to provide proof, not some open-ended bullshit statement, before others can respond.
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Prove me wrong
 
T. A. Gardner said:
He was mistaken. His assumption was that wealth is finite and it would accumulate only to a few without such a tax. In reality, wealth is not finite but changes and usually grows over time. That is, there is more wealth in the world today than there was a thousand years ago, or even a century ago.

Since the size of the pie isn't constant, all an inheritance tax does is let wealth and power accumulate to government, the worst possible thing that could happen. What an inheritance tax does is strip away the possibility of a succession of generations from growing their wealth. The best example would be the family owned farm that loses their land over generations through an inheritance tax leaving them relatively impoverished when they should be rich.

all-taxation-is-an-evil-but-heavy-taxes-indiscriminately-levied-on-every-everything-are-one-of-the-quote-1.jpg
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If massive wealth is accrued via schemes that avoid taxation, albeit legal, then there should be a tax bill at the end of the road.

If wealth is built via years of investment or hard work, then passing it along should be less of a burden.


As it is, anyone can gift any individual $16,000/year with no taxation.

With proper planning, it isn't hard to avoid a lot of estate tax issues.

For anyone to declare that the govt. automatically gets your money at death is simply idiotic.
 
BidenPresident said:
No. My god, didn't you say you barely finished high school?
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Did you finish your psych evaluation?

Your hatred for individuals blinds you to reality.

NOBODY agrees or disagrees with someone all of the time.

T.D is not stupid.

He just appears that way sometimes, and I believe it is a game.
 
Flash said:
The question was why working class vote Republican. I listed several of the issues on which working class Americans agree with Republicans.
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No you didn't. You listed several reasons why Conservatives vote Republican
 
Althea said:
Prove me wrong
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You have given me nothing to prove you wrong on. Until you show what you stated is true or what it is based on, I have no way to respond to that. What you are offering is nothing but argumentum ad infinitum. That is you assert what you say is true and assume that simply repeating it makes it true. You brought this up first, so you get to prove what you claim first. Then I'll respond. Until you do, you have no argument and your statement is just your own bullshit opinion, nothing more.
 
Althea said:
If massive wealth is accrued via schemes that avoid taxation, albeit legal, then there should be a tax bill at the end of the road.

If wealth is built via years of investment or hard work, then passing it along should be less of a burden.


As it is, anyone can gift any individual $16,000/year with no taxation.

With proper planning, it isn't hard to avoid a lot of estate tax issues.

For anyone to declare that the govt. automatically gets your money at death is simply idiotic.
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That is nothing but Moving the Goalposts to create a Sorites paradox. That is, you take a couple of extreme examples and then apply them to the whole. It is as if you put two grains of sawdust in a pile of sand then try to claim the pile of sand is sawdust (a Sorites paradox).

Aside from that, the current tax dodge to an inheritance tax is to form a living trust and avoid the tax entirely. Another way is to put wealth in multiple names such that the expected inheritor is already in access to that wealth so there is no "inheritance" involved. There is always a dodge to such taxes, so it is kind of pointless to try and apply them.
 
T. A. Gardner said:
He was mistaken. His assumption was that wealth is finite and it would accumulate only to a few without such a tax. In reality, wealth is not finite but changes and usually grows over time. That is, there is more wealth in the world today than there was a thousand years ago, or even a century ago.

Since the size of the pie isn't constant, all an inheritance tax does is let wealth and power accumulate to government, the worst possible thing that could happen. What an inheritance tax does is strip away the possibility of a succession of generations from growing their wealth. The best example would be the family owned farm that loses their land over generations through an inheritance tax leaving them relatively impoverished when they should be rich.

all-taxation-is-an-evil-but-heavy-taxes-indiscriminately-levied-on-every-everything-are-one-of-the-quote-1.jpg
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are fiat dollars real wealth?
 
AssHatZombie said:
are fiat dollars real wealth?
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The best answer to that is, It depends. They can be backed by good credit or by nothing. With the former, they are a means of creation of more wealth even if they in themselves aren't wealth. With the latter, they are worthless. I have some old Icelandic Kroner somewhere lying about. Totally worthless... not as worthless as Zimbabwe dollars but close...
 
T. A. Gardner said:
The best answer to that is, It depends. They can be backed by good credit or by nothing. With the former, they are a means of creation of more wealth even if they in themselves aren't wealth. With the latter, they are worthless. I have some old Icelandic Kroner somewhere lying about. Totally worthless... not as worthless as Zimbabwe dollars but close...
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so a person's credit score determines if their money is real wealth?
 
T. A. Gardner said:
You have given me nothing to prove you wrong on. Until you show what you stated is true or what it is based on, I have no way to respond to that. What you are offering is nothing but argumentum ad infinitum. That is you assert what you say is true and assume that simply repeating it makes it true. You brought this up first, so you get to prove what you claim first. Then I'll respond. Until you do, you have no argument and your statement is just your own bullshit opinion, nothing more.
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Of course you do. You can point to instances where Republicans did more than lie about lowering taxes for the middle class while keeping taxes higher for the wealthy. Actions, as it were.
 
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