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Surprise, Surprise. Mr. Drain the swamp is repealing the estate tax


               
2016 Dec 10, 8:09am   7,799 views  22 comments

by joeyjojojunior   follow (1)  

"President-elect Donald Trump, who won the hearts and minds of millions of working-class voters, may help deliver a multibillion-dollar bonanza to America’s wealthiest families."

http://finance.yahoo.com/news/estate-tax-repeal-under-trump-100000422.html?hl=1&noRedirect=1

How long will it take for the blue collar voters to realize that they got played bigly?

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15   mmmarvel   2016 Dec 10, 3:22pm  

mell says

The estate tax was one of the many overlooked reasons Shillary lost.

Yes, I'm sure that played a part. However, my take on it is that the democrats kept crying that "Don't bother to vote, Hillary has it sewn up." in an attempt to help repress the republican vote, hoping they figured they'd already lost and would just stay home. It backfired, the republicans did come out just cause they were ticked off and the democrats (mostly millennials) stayed home, knowing that Hillary had already won. As Gomer Pile would say, "Surprise, surprise, surprise".

16   Patrick   2016 Dec 10, 3:59pm  

Gary Anderson says

if you aren't part of the .1 percent, you are arguing against your self interest

I just so happened to have posted a graph today that nicely shows how much assets you (maybe your household) would have to have to be in the 0.1 percent:

https://patrick.net/1300044/net-worth-percentiles-graph

The answer is a bit over $30M.

BTW, I don't ever get tired of pointing out that Georgism is the fair and economically efficient answer to taxation, making it the correct answer. It's fine if those massive estates get passed down, as long as they are paying fair taxes on land values. And it does really all come down to land (and other natural resources like wireless spectrum).

17   Rew   2016 Dec 10, 10:04pm  

Have to make sure to cement the legacy for the Trump children. (sigh)
How much more transparently self interested policy making can you get?

18   MisdemeanorRebel   2016 Dec 11, 9:19am  

What does drain the swamp have to do with the Estate Tax?

Draining the Swamp has to do with getting rid of lobbyist shit like the California Democrat Delegations boondoggle F-35.

19   joeyjojojunior   2016 Dec 11, 10:31am  

Thunderlips is Tovbot2 says

What does drain the swamp have to do with the Estate Tax?

Easy--This shows Trump is no different than Jeb or Rubio or any other Republican nominee. This is step 1 of the Heritage Foundation/Club for Growth playbook. Next, I'd imagine will be cap gains cuts.

How many more standard Republican playbook policies do you need to see before you realize you've been conned?

20   Strategist   2016 Dec 11, 10:40am  

joeyjojojunior says

Next, I'd imagine will be cap gains cuts.

Yeaaayyyyyyy.

21   Entitlemented   2016 Dec 11, 12:00pm  

Tim Aurora says

So why would you want to use the roads, schools and security ( army, police ) provided by the government

The government is supposed to pool the taxpayer money. Then they hire contractors to do the surveying and construction.

When the last time you saw a government worker driving the Asphalt truck?

Its not the goverments funds - its the taxpayers funds. This is why we need to shrink beauracrasy!

22   joeyjojojunior   2016 Dec 11, 1:26pm  

Entitlemented says

The government is supposed to pool the taxpayer money. Then they hire contractors to do the surveying and construction.

When the last time you saw a government worker driving the Asphalt truck?

Its not the goverments funds - its the taxpayers funds. This is why we need to shrink beauracrasy

Do you have a point here? Are you implying it's OK to massively increase the national debt now that Trump is in charge?

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