Bawny Fwank, "Hiers Didn't Do Anything To Deserve Inheritance"

[dreamdancer 0]

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In December 1906, President Theodore Roosevelt expressed alarm about the dangerous concentration of wealth and power in the United States and called on the incoming 60th Congress to pass a federal estate tax. Its primary objective, intoned T.R., ``should be to put a constantly increasing burden on the inheritance of those swollen fortunes, which it is certainly of no benefit to this country to perpetuate.''

http://www.commondreams.org/views06/1226-25.htm

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[turtlespeed 226]

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Mr Buffett said that a Republican proposal to eliminate elements of inheritance tax, which raises about $30 billion a year from the assets of about 12,000 rich families, would broaden the disparity between rich and poor. He added that the Republicans would seek to recover lost revenue by increasing taxes for the less prosperous.

He said: “You could take that $30 billion and give $1,000 to 30 million poor families. Or should you favour the 12,000 estates and make 30 million families pay an extra $1,000?”

http://www.timesonline.co.uk/tol/money/tax/article1996735.ece

Put it in your perspective

Who is this us majority you keep posting and

What defines the super rich to you?

Come on dude
You can do it!

Come on - Give the guy a break -
It is obvious he is struggling to keep up.

Ease up and let him have his way. Just humor him.

You Know he can't answer, well - MAYBE - he could, but, you know, "He Won't" answer the questions that could show him disagreeing with his own argument.

It is a classic way to argue when you have no actual platform.

But we should give him a try agaion:
1) Who is this "Us" you keep referring to?
2) Do you pay the same percentage in taxes as these people that you believe should pay more?

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

[dreamdancer 0]

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Abolishing the estate tax would cost $1.03 trillion over the first decade. There are only three ways to fill that shortfall: cut spending, raise taxes on the nonwealthy, or, the current favorite, pile it onto the national debt.

Starting in January, the amount of wealth exempted by the tax will be $2 million for an individual and $4 million for a couple, and the tax rate will fall to 45 percent. At that point, less than one-third of the richest one percent of households will pay the tax. Ample wealth will still flows to heirs and heiresses, as the effective tax rate on a $10 million estate is only 19 percent.

http://www.commondreams.org/views06/1226-25.htm

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[turtlespeed 226]

Here is a little hint -

I don't read the articles you post -
If you want to make your point -

do it by typing.

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

[dreamdancer 0]

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Mr Collins, the co-founder of United for a Fair Economy and Responsible Wealth.

He said that a powerful lobby, including the Gallo wine and Mars confectionery families, had created the name "death tax" to persuade people that many would be affected by the tax rather than just a tiny number of the very rich. "They have spun a whole mythology around the estate tax."

"It is our country's most progressive tax," he said. "It's fiscally reckless to remove it and it is a tremendous incentive to give to charitable organisations." Mr Collins said that repealing the tax would lead to a greater disparity between the rich and poor. "What kind of country do we want to have? As John Paul Getty said, 'money is like manure - it's most effective when it's spread around widely'."

Mr Collins said the inheritance tax affected only a very tiny percentage of those who died. Last year, 2.3 million people died in the US, of whom only 49,000 had a taxable estate and, of these, only 700 had businesses that would be affected by such a tax, he said.

Bill Gates Sr, a former lawyer and the co-chairman of the Bill and Melinda Gates Foundation, said the campaign had become necessary because the vast disparity between rich and poor was "an unattractive feature of American life today".

http://www.guardian.co.uk/world/2003/feb/12/usa.duncancampbell

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[turtlespeed 226]

Wow - you have proven that you can copy and paste -

Good for you -

Now - Please answer the following:
1) Who is this "Us" you keep referring to?
2) Do you pay the same percentage in taxes as these people that you believe should pay more?

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

[dreamdancer 0]

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While there was "nothing wrong or bad about wealth", said Mr Gates, the fact that a rich lobby had been able to promote a repeal - effectively to cut their own taxes - "demonstrates so clearly the power of wealth. It's as simple as that. They don't want to pay it, and they virtually own the US Congress. Money and power are very closely related in this country and it's a very scary thing."

The two men point to the growing disparity across the workforce; in 1980, a chief executive earned 42 times the pay of their workers, now it is 419 times as much.

Mr Gates and Mr Collins have received backing from Bill Joy, the co-founder of Sun Microsystems, Ted Turner, George Soros and former President Jimmy Carter.

http://www.guardian.co.uk/world/2003/feb/12/usa.duncancampbell

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[turtlespeed 226]

Wow - you have proven that you can copy and paste -

Good for you -

Now - Please answer the following:
1) Who is this "Us" you keep referring to?
2) Do you pay the same percentage in taxes as these people that you believe should pay more?

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

[dreamdancer 0]

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The debate over inequality is often framed in terms of the distribution of income. But it is also important to focus on wealth: the stocks of assets which individuals have as distinct from the flows of income they receive.

Wealth matters because of its links to two core social democratic values: freedom and equality of opportunity. Wealth is a platform for personal independence. One can more readily walk away from abusive employers or spouses because one has some resources of one’s own to draw on. Wealth underpins a creative approach to life.

Someone with wealth can realistically step back and ask themselves what they want to do with their lives. Connected with this, wealth confers opportunity: to get an education or training, to set up a business, to move, to travel, to experiment, to recharge one’s batteries. A degree of wealth equality is therefore indispensable to equality of opportunity. It is particularly important to hold wealth when young when so many important life-shaping decisions are made.

http://www.labourlist.org/a_citizens_tax_on_inheritance_would_wealth_freedom

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[turtlespeed 226]

Wow - you have proven that you can copy and paste -

Good for you -

Now - Please answer the following:
1) Who is this "Us" you keep referring to?
2) Do you pay the same percentage in taxes as these people that you believe should pay more?

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

[dreamdancer 0]

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One way to think about the principle at stake here is to do a thought experiment. Imagine two extreme systems of inheritance. Under the first system, which we may call the fully private system, all wealth passes to individuals through family and friends. Under the second, which we may call the fully collective system, all wealth transfers are taken by the state and distributed back to citizens on a completely equal basis.

Now, what do we think of the two systems? So far as I can see, both systems have clear advantages and disadvantages. On the one hand, the fully private system respects the ‘family values’ that many people see as having a legitimate and important place in the way society organises inheritance. But under this system inheritances are likely to be very unequal; unpredictable as to timing; and, potentially, individuals may find themselves in the grip of relatives who deploy prospective inheritances manipulatively to control their behaviour.

The fully collective system is able to do away with all of these problems. The taxed wealth transfers can be distributed on a fully egalitarian basis; they can be distributed at a predictable point (or points) in the life-cycle so people know when they will be getting an inheritance and can plan around this; and, so far as inheritances are concerned, people would be outside of the grip of potentially manipulative relatives.

http://www.labourlist.org/a_citizens_tax_on_inheritance_would_wealth_freedom

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[turtlespeed 226]

Wow - you have proven that you can copy and paste -

Good for you -

Now - Please answer the following:
1) Who is this "Us" you keep referring to?
2) Do you pay the same percentage in taxes as these people that you believe should pay more?

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

[dreamdancer 0]

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Only the richest 2 percent of our nation's families currently pay any estate tax at all. Repealing the estate tax would enrich the heirs of America’s millionaires and billionaires while hurting families who struggle to make ends meet.

The billions of dollars in state and federal revenues lost will inevitably be made up either by increasing taxes on those less able to pay or by cutting Social Security, Medicare, environmental protection, and many other government programs so important to our nation's continued well-being.

The estate tax exerts a powerful and positive effect on charitable giving. Repeal would have a devastating impact on public charities ranging from institutions of higher education and land conservancies to organizations that assist the poor and disadvantaged.

We recognize the importance of protecting America's family farms and small businesses, and the estate tax has many special provisions that do so. But this concern – the rationale usually advanced for eliminating the estate tax – can be addressed by amending the existing estate tax system.

http://www.faireconomy.org/press_room/2001/gates_sr_soros_100_others_oppose_estate_tax_repeal

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[turtlespeed 226]

Wow - you have proven that you can copy and paste -

Good for you -

Now - Please answer the following:
1) Who is this "Us" you keep referring to?
2) Do you pay the same percentage in taxes as these people that you believe should pay more?

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

[dreamdancer 0]

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Mr Gates reckons that only about 15% of the wealthy currently give away large amounts of their fortunes. Half of the total net worth of the American billionaires on the 2009 Forbes 400 list is over $600 billion. So there is plenty to play for.

http://www.economist.com/node/16381387

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[turtlespeed 226]

Wow - you have proven that you can copy and paste -

Good for you -

Now - Please answer the following:
1) Who is this "Us" you keep referring to?
2) Do you pay the same percentage in taxes as these people that you believe should pay more?

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

[dreamdancer 0]

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Monday Maria Bartiromo interviewed George Soros on CNBC's "Closing Bell." Soros said he expects the global economic slowdown to continue into 2011 and we need more fiscal stimulus to avoid a second recession. He also thinks extending the Bush tax cuts to the wealthy is a mistake.

http://seekingalpha.com/article/229535-george-soros-we-need-more-stimulus-to-avoid-a-second-recession

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[turtlespeed 226]

I don't read your articles - I never will -

Wow - you have proven that you can copy and paste -

Good for you -

Now - Please answer the following:
1) Who is this "Us" you keep referring to?
2) Do you pay the same percentage in taxes as these people that you believe should pay more?

Why steal from them?
Are you that much of a theif?
How would you like it if Someone less fortunate than you stole your money?

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

[dreamdancer 0]

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Soros says it is "tragic" that the Republicans want to satisfy their contributors who want a tax cut rather than the general good of the public. He seems amazed "they managed to get the whole public to buy into it."

http://seekingalpha.com/article/229535-george-soros-we-need-more-stimulus-to-avoid-a-second-recession

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[kelpdiver 2]

I think you're exhausting him - his citations are getting shorter and shorter!

[dreamdancer 0]

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I think you're exhausting him - his citations are getting shorter and shorter!

i prefer more concise...

(back once my kids are into bed)

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[turtlespeed 226]

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I think you're exhausting him - his citations are getting shorter and shorter!

i prefer more concise...

(back once my kids are into bed)

Then try typing them instead of shopping at halmark for a card that almost fits your needs or views.

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

[billvon 3,107]

Please stop with the spam.

[dreamdancer 0]

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The new tax law raises the exemption from federal estate tax to $5 million a person ($10 million per couple) for deaths in 2011 and 2012. As a result, fewer families will even come close to paying the tax. That means that, except for the super wealthy, the tax benefits of giving through an estate plan have been wiped out.

Previously, charities could point to the estate planning benefits of both lifetime gifts and charitable bequests. There’s an income tax deduction associated with gifts during life--adjusted gross income can be reduced up to 50% for cash gifts to public charities and by up to 30% for donations of appreciated assets, such as stock held longer than 12 months. But charities could also make another argument: If you’re not comfortable making a large gift now, remember your favorite cause or alma mater money in your will and you will be leaving less for Uncle Sam.

http://www.forbes.com/2010/12/28/estate-tax-charity-gates-buffett-zuckerberg-personal-finance-deborah-jacobs.html?boxes=Homepagechannels

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[turtlespeed 226]

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Please stop with the spam.

Ok - I will retype the same questions he refuses to answer every time then. is that acceptable?

I am only copying and pasting the same exact questions so there is no possibility of a typo or misrepresentation of the question or it's form.

Is there someting you would rather be done?

Perhaps you should have replied to Dreamdance and asked him to stop his copy and past of the same articles.

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun