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1   msilenus   2011 Aug 14, 5:36pm  

Not impossible.

In his day, Churchill called an estate tax "a certain corrective against the development of a race of idle rich." It is the only reasonable tax on wealth.

2   Done!   2011 Aug 15, 12:13am  

So if you don't like paying taxes, Get rich then.
Then you wont have to pay Taxes.
Perhaps that's the new American dream.

3   wtfcapinv   2011 Aug 15, 12:39am  

He will pay no estate tax. But he will urge that it be raised for everyone else.

4   tatupu70   2011 Aug 15, 12:42am  

wtfcapinv says

He will pay no estate tax. But he will urge that it be raised for everyone else.

Huh? He wants the US to have a healthy economy.

The guy gave most of his money to charity for god's sake.

5   Done!   2011 Aug 15, 1:28am  

"The guy gave most of his money to charity for god's sake."

The guy is second in line for being responsible for Food inflation, just after High Oil prices.

He's a perfect storm of Greed, High energy prices, and a huge conglomerate that puts upward pressure on world wide food RETAIL costs. (less Berkshire Hathaway doesn't make it's quarterly.

He's a ghoul and the world will be a better place with out him. Thank GOD, no one will be able to replace him, when he's gone.

6   tatupu70   2011 Aug 15, 1:41am  

Tenouncetrout says

The guy is second in line for being responsible for Food inflation, just after High Oil prices.
He's a perfect storm of Greed, High energy prices, and a huge conglomerate that puts upward pressure on world wide food RETAIL costs. (less Berkshire Hathaway doesn't make it's quarterly.
He's a ghoul and the world will be a better place with out him. Thank GOD, no one will be able to replace him, when he's gone.

Would you care to explain? How exactly is he responsible for food costs? Did Dairy Queen raise the price on blizzards or something?

7   Â¥   2011 Aug 15, 2:08am  

msilenus says

It is the only reasonable tax on wealth.

I'd say taxing site value is the only "reasonable" tax. Site value comes from everything outside the lot lines and nothing contributed by the landlord. It is entirely economic surplus.

The estate tax is a blunt instrument while the LVT is a scalpel. If you want to tax idle wealth, tax where it is. Most of it is in land.

http://www.guardian.co.uk/commentisfree/2010/sep/02/land-value-tax-labour-andy-burnham

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