Quote:
Originally Posted by elphenor
"We need a tax code that incentivises spending
We should eliminate the inheritance tax"
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I already explained why the estate tax doesn't work (since it sucks up so much money at certain brackets that you might as well not have an estate in the U.S. at all), which is why you need to implement different measures (like a tax that redistributes some % of income from those at income brackets at & above the 3-5 million mark with additional criteria considered). There are no upsides for the way things currently stand other than appealing to some people's sense of envy.
Kind of sad that somebody can't have a reasonable discussion in here without being character assassinated.