Biden's taxes on unrealized gains

Trapper Gus wrote:

TravelinMan wrote:

Can I spend unrealized gains?  

I knew a ton of guys during the dot.com bubble that were "millionaires" on paper.  Most of them are not today.

I don't know about you, Elon Mask can and has.  If you can find a "bank" that will give you a loan using your unrealized gains as collateral then yes you can.  My bank keeps trying to give me money based on the current appraised value of my real estate, which is one way some can spend unrealized gains, even us poors.

No, you're spending money the bank loaned you. Not unrealized gains.

If you don't like that, tighten up banking regulations, but don't tax mythical earnings.

Trapper Gus wrote:

TravelinMan wrote:

How much do you hate your own kids that you aren't worried about leaving them anything when you kick the bucket?

Most people don't leave much in their estates, why should anyone with all the advantages they get from having well off parents while their parents are alive have any claim to what society gave their parents?

If there parents were good parents then the issue should be able to easily make their own way in life.  If they can't then they would just be parasites on the rest of us with that unearned wealth.  As an example of a total screw-up see Trump.

Wow. Sorry you hate your kids.

I'm thankful that I have no idea what any of this means.

TravelinMan wrote:

Trapper Gus wrote:

I don't know about you, Elon Mask can and has.  If you can find a "bank" that will give you a loan using your unrealized gains as collateral then yes you can.  My bank keeps trying to give me money based on the current appraised value of my real estate, which is one way some can spend unrealized gains, even us poors.

No, you're spending money the bank loaned you.  Not unrealized gains.

If you don't like that, tighten up banking regulations, but don't tax mythical earnings.

Why are you pretending to be obtuse.  

I'm doing what any smart person who wants to avoid paying taxes on my unrealized gains does, giving them to the bank as collateral so I can spend them.

Yes.

Changing the law so that really wealthy people who use their unrealized gains as collateral to avoid taxes is a very good tax loophole to close.

Surely you are not arguing that neither I nor Musk are spending the money we have via unrealized gains by laundering it taxwise via bank loans. That would be silly, as without the unrealized gains we couldn't sign them over to the bank as collateral.

TravelinMan wrote:

Trapper Gus wrote:

Most people don't leave much in their estates, why should anyone with all the advantages they get from having well off parents while their parents are alive have any claim to what society gave their parents?

If there parents were good parents then the issue should be able to easily make their own way in life.  If they can't then they would just be parasites on the rest of us with that unearned wealth.  As an example of a total screw-up see Trump.

Wow. Sorry you hate your kids.

You forgot the "/s"

Trapper Gus wrote:

TravelinMan wrote:

Wow. Sorry you hate your kids.

You forgot the "/s"

I don’t think I did. You seem to love the government more than your own kids. That’s pretty fucked up.

TravelinMan wrote:

Trapper Gus wrote:

You forgot the "/s"

I don’t think I did.  You seem to love the government more than your own kids.  That’s pretty fucked up.

You are either a millionaire with an escape plan or really liking the Jesus Freak Fascism and still believe Ronald Reagan’s bullshit line that the government is the enemy and needs to be eliminated at every turn to help corporations along with the billionaires that fund the GOP.

Travelin Man you are as delusional Ronald Reagan and blind to recent history if you haven’t figured out every time the GOP has The White House and a majority in at least the US Senate or House the Federal Deficit increases.  

Then following the election of a Democrat into The White House chumps like you are wringing your hands about deficits.  But tax cuts previously given to the top quintile, especially the top half of said quintile are now sacrosanct.

Like we are seeing in the last 2 weeks when a railroad fucks up under the self-regulation they lobbied for and won, the same voters who don’t love government sure want government to bail their sorry asses out of the mess deregulation caused and want the Federal government to pressure the railroad to act.  

The corporations who don’t want government in their business were damned quick to plead for the government to help them out when the 2 banks that catered to corporations and high income investors got in trouble.

Travelin Man, what you need is some good cheap unregulated Mexican pharmaceuticals so when you and your family members need a moderate pain killer take a lottery pill that might have a smidge of fentanyl.  You don’ need no freakin FDA government in your life.

TravelinMan wrote:

Trapper Gus wrote:

You forgot the "/s"

I don’t think I did.  You seem to love the government more than your own kids.  That’s pretty fucked up.

So, you were serious?  OMG.

Let's start with "Give a man a fish and you feed him for a day, teach a man to fish and you feed him for a lifetime."

Then we can move onto how you believe that if you were the only person in the world, you would be just as wealthy as you are now. proving that you, by yourself, with no help from society, made that wealth. /s

Which means that all the wealth anyone has, regardless of who they are, they have because the rules of society allowed them to gain it, and that without society they would have nothing, thus it is societies wealthy really, and society has allowed, via its rules, for a given person to gain it. Once that person is dead society decides where that wealth goes, but no other person, unless the rules of society deem it so, has a title to that wealth.

I will list below all the fucks I have to give when it comes to rich people possibly paying more taxes, and the fairness thereof:

Trapper Gus wrote:

TravelinMan wrote:

I don’t think I did.  You seem to love the government more than your own kids.  That’s pretty fucked up.

So, you were serious?  OMG.

Let's start with "Give a man a fish and you feed him for a day, teach a man to fish and you feed him for a lifetime."

Then we can move onto how you believe that if you were the only person in the world, you would be just as wealthy as you are now. proving that you, by yourself, with no help from society, made that wealth. /s

Which means that all the wealth anyone has, regardless of who they are, they have because the rules of society allowed them to gain it, and that without society they would have nothing, thus it is societies wealthy really, and society has allowed, via its rules, for a given person to gain it. Once that person is dead society decides where that wealth goes, but no other person, unless the rules of society deem it so, has a title to that wealth.

I’m sure your kids will appreciate this philosophy at your funeral. Wise words are way better than inheritance.


/s

TravelinMan wrote:

Trapper Gus wrote:

So, you were serious?  OMG.

Let's start with "Give a man a fish and you feed him for a day, teach a man to fish and you feed him for a lifetime."

Then we can move onto how you believe that if you were the only person in the world, you would be just as wealthy as you are now. proving that you, by yourself, with no help from society, made that wealth. /s

Which means that all the wealth anyone has, regardless of who they are, they have because the rules of society allowed them to gain it, and that without society they would have nothing, thus it is societies wealthy really, and society has allowed, via its rules, for a given person to gain it.  Once that person is dead society decides where that wealth goes, but no other person, unless the rules of society deem it so, has a title to that wealth.

I’m sure your kids will appreciate this philosophy at your funeral.   Wise words are way better than inheritance.


/s

"And the general was given a victory parade, where he rode in a great chariot, with a slave holding a golden crown, who whispered in his ear, "All Glory is Fleeting""

As noted by another, the best inheritance one can provide is to teach the strength of character and skills for said children to be able to make their own life.

To believe that leaving an estate is the end all of life is really a sad belief system.

Trapper Gus wrote:

TravelinMan wrote:

I’m sure your kids will appreciate this philosophy at your funeral.   Wise words are way better than inheritance.


/s

"And the general was given a victory parade, where he rode in a great chariot, with a slave holding a golden crown, who whispered in his ear, "All Glory is Fleeting""

As noted by another, the best inheritance one can provide is to teach the strength of character and skills for said children to be able to make their own life.

To believe that leaving an estate is the end all of life is really a sad belief system.

That's nice, but strength of character doesn't pay the bills. I'm gonna stick with my plan to leave the kids in my life lots of money. I think it is a lot harder these days, and I think to some degree, the system is a bit biased, so if I can help them, or their kids, upon my passing, I will die a happy man.

TravelinMan wrote:

Trapper Gus wrote:

"And the general was given a victory parade, where he rode in a great chariot, with a slave holding a golden crown, who whispered in his ear, "All Glory is Fleeting""

As noted by another, the best inheritance one can provide is to teach the strength of character and skills for said children to be able to make their own life.

To believe that leaving an estate is the end all of life is really a sad belief system.

That's nice, but strength of character doesn't pay the bills. I'm gonna stick with my plan to leave the kids in my life lots of money. I think it is a lot harder these days, and I think to some degree, the system is a bit biased, so if I can help them, or their kids, upon my passing, I will die a happy man.

Hopefully you paid for their educations and taught them something more than wealth is the end all and be all of life.

Trapper Gus wrote:

TravelinMan wrote:

That's nice, but strength of character doesn't pay the bills.  I'm gonna stick with my plan to leave the kids in my life lots of money.  I think it is a lot harder these days, and I think to some degree, the system is a bit biased, so if I can help them, or their kids, upon my passing, I will die a happy man.

Hopefully you paid for their educations and taught them something more than wealth is the end all and be all of life.

Hopefully your kids don't think you're an asshole.

I'm probably going to leave my cats more money than you leave your kids.

Is Mrs. Gus on board with your "leave everything to the government and not our loved ones" approach? I find it to be insane. Literally. No /s.

TravelinMan wrote:

Trapper Gus wrote:



Hopefully you paid for their educations and taught them something more than wealth is the end all and be all of life.

Hopefully your kids don't think you're an asshole.

I'm probably going to leave my cats more money than you leave your kids.

Is Mrs. Gus on board with your "leave everything to the government and not our loved ones" approach? I find it to be insane. Literally. No /s.

Pretty much the SO is, and the kids are fine, one with a BA & a BS, the other with a BA, a BS, a MS & PhD. Both married w children. Providing the best opportunities to learn as they grew worked out well.

AvgMSUJoe wrote:Thats the rugged individualism that built the party of trump, kochs and all the other inherited american wealth....

According to all the books about Trump the whole point of his life is to be as big an asshole as possible to everyone else.

Trapper Gus wrote:

TravelinMan wrote:

Hopefully your kids don't think you're an asshole.

I'm probably going to leave my cats more money than you leave your kids.  

Is Mrs. Gus on board with your "leave everything to the government and not our loved ones" approach?  I find it to be insane.  Literally.  No /s.

Pretty much the SO is, and the kids are fine, one with a  BA & a BS, the other with a BA, a BS, a MS & PhD.  Both married w children.  Providing the best opportunities to learn as they grew worked out well.

I'm glad your kids are well educated. I hope they're also healthy, happy, and financially independent.

But please tell me you're kidding.

A man's #1 priority in life is to care for his family. Please tell me you don't value your weirdo political ideology more than the lives of your kids and grandkids. That's just immoral.

Capitalism: Its super fair and treats everyone equally.

TravelinMan wrote:

Trapper Gus wrote:

TravelinMan wrote:

Hopefully your kids don't think you're an asshole.

I'm probably going to leave my cats more money than you leave your kids.  

Is Mrs. Gus on board with your "leave everything to the government and not our loved ones" approach?  I find it to be insane.  Literally.  No /s.

Pretty much the SO is, and the kids are fine, one with a  BA & a BS, the other with a BA, a BS, a MS & PhD.  Both married w children.  Providing the best opportunities to learn as they grew worked out well.

I'm glad your kids are well educated.  I hope they're also healthy, happy, and financially independent.

But please tell me you're kidding.  

A man's #1 priority in life is to care for his family.  Please tell me you don't value your weirdo political ideology more than the lives of your kids and grandkids.  That's just immoral.

Oh please. Give me a break. Where does this priority stop for you? Just the grandkids? Why not the great grandkids and beyond? Your #1 priority in life is to pass generational wealth to your offspring?

Fuck. That. If you've done well enough to not be a financial burden to your kids in your old age you're ahead of the game. Little Biff & Muffy can find their own way as adults & be responsible for the grandkids.

TravelinMan wrote:

Trapper Gus wrote:

Pretty much the SO is, and the kids are fine, one with a  BA & a BS, the other with a BA, a BS, a MS & PhD.  Both married w children.  Providing the best opportunities to learn as they grew worked out well.

I'm glad your kids are well educated.  I hope they're also healthy, happy, and financially independent.

But please tell me you're kidding.  

A man's #1 priority in life is to care for his family.  Please tell me you don't value your weirdo political ideology more than the lives of your kids and grandkids.  That's just immoral.

You and I have a much different world view, as best as I can suss out.

There are pages and pages that could be said about these different points of view.

I believe that having an optimum system of social standards, as created through self-governance via a system of governance such as we have in the United States is of more importance than allowing the passing on of trillions of dollars by the lucky few to the people of their choice. If we allow these "lucky few" to further distort the ideals of every person starting with nothing, equally, and by their own efforts creating something the best as they are able, we are creating a society of Kings & Lords & serfs, which I believe is not what the "American Dream" is all about.

Thus, any person who believes in mostly equal rights of the individual within a sociality, rationally cannot believe in inherited wealth, since inherited wealth is rationally going to destroy those rights.

Heat Miser wrote:

TravelinMan wrote:

I'm glad your kids are well educated.  I hope they're also healthy, happy, and financially independent.

But please tell me you're kidding.  

A man's #1 priority in life is to care for his family.  Please tell me you don't value your weirdo political ideology more than the lives of your kids and grandkids.  That's just immoral.

Oh please. Give me a break. Where does this priority stop for you? Just the grandkids? Why not the great grandkids and beyond? Your #1 priority in life is to pass generational wealth to your offspring?

Fuck. That. If you've done well enough to not be a financial burden to your kids in your old age you're ahead of the game. Little Biff & Muffy can find their own way as adults & be responsible for the grandkids.

So if you had a sizeable net worth, you would just leave it to the government and not to your kids/grandkids/etc.? Because that's what Trap appears to be saying.

Caring for those I love is my #1 priority. You can bet your sweet ass I will take every loophole, every financial instrument, and every possible avenue I can to leave any wealth I have on my deathbed to the people that I care about.

If fucking Trump gets elected in 2024 and you stroke out, you're telling me you're OK with Trump deciding how to spend your net worth, and not your family?!? I can't even find that humorous as a message board trolling effort, let alone the possibility of that being a real thing.

And it’s up to the rest of us to close those loopholes because we do not care about your children and if enough loopholes are closed to billionaires and as a result the quality of your kids lives are better, albeit with slightly less than they would have gotten from you, then everyone wins. I don’t get why this is complicated for you.

TravelinMan wrote:

Heat Miser wrote:

Oh please. Give me a break. Where does this priority stop for you? Just the grandkids? Why not the great grandkids and beyond? Your #1 priority in life is to pass generational wealth to your offspring?

Fuck. That. If you've done well enough to not be a financial burden to your kids in your old age you're ahead of the game. Little Biff & Muffy can find their own way as adults & be responsible for the grandkids.

So if you had a sizeable net worth, you would just leave it to the government and not to your kids/grandkids/etc.?  Because that's what Trap appears to be saying.  

Caring for those I love is my #1 priority.  You can bet your sweet ass I will take every loophole, every financial instrument, and every possible avenue I can to leave any wealth I have on my deathbed to the people that I care about.  

If fucking Trump gets elected in 2024 and you stroke out, you're telling me you're OK with Trump deciding how to spend your net worth, and not your family?!?  I can't even find that humorous as a message board trolling effort, let alone the possibility of that being a real thing.

You are making up shit about what I am saying, please stop being such an asshole.

I explained, very clearly, the societal values for very high taxes on large inheritances.

While I do believe that everything you have is due to the society that you live in, and that the continuation of that society in a form which provides the greatest freedom possible for the individual while not damaging the foundations of that society is the greatest inheritance that one can bequeath to their children, as a practical matter society is only concerned about the few lucky winners who have so much wealth that they can establish their own continuing "Lordships" and not with someone who is leaving smaller amounts of wealth.

Trapper Gus wrote:

TravelinMan wrote:

So if you had a sizeable net worth, you would just leave it to the government and not to your kids/grandkids/etc.?  Because that's what Trap appears to be saying.  

Caring for those I love is my #1 priority.  You can bet your sweet ass I will take every loophole, every financial instrument, and every possible avenue I can to leave any wealth I have on my deathbed to the people that I care about.  

If fucking Trump gets elected in 2024 and you stroke out, you're telling me you're OK with Trump deciding how to spend your net worth, and not your family?!?  I can't even find that humorous as a message board trolling effort, let alone the possibility of that being a real thing.

You are making up shit about what I am saying, please stop being such an asshole.

In fairness, I said it APPEARED to be what you're saying. So if that's not the case, please clarify what you're saying then.

You are clearly against inheritances. Will you leave (or if you're not financially capable, then pretend it's a hypothetical) an inheritance for your heirs?

Let's get the record straight.

Anyone who is bragging about their money and their possessions doesn’t have nearly as much money as they want others to believe.

The bullshit about leaving it to the government exposes a person who doesn’t have the money they want to imply and is a financial illiterate.  Maybe TravelinMan wants to have the US be run like Ireland in the 1700-1900 where the English royalty controlled all wealth all the time.

There are dozens of reputable lawyers and accountants who work in tandem to set up trusts that include stocks, cash and property and when those are set up the “government” take is negligible.  Those services are adequate for over 95% of Americans.  

I know a CPA who’s a principle in a 4-5 CPA firm whose clientele consists of individuals with net worth of $5M-$150M and their job is to make sure annual taxes and taxes after the client is deceased is minimal.  They are associated with several law offices who set up the trusts, annuities, any life insurance, beneficiaries and coordinate with heirs.

TravelinMan is spinning what my old USN Chief called a This is No Shit sea story.

Travis of the Cosmos wrote:And it’s up to the rest of us to close those loopholes because we do not care about your children and if enough loopholes are closed to billionaires and as a result the quality of your kids lives are better, albeit with slightly less than they would have gotten from you, then everyone wins. I don’t get why this is complicated for you.

I don't expect you to care about my children. I expect you to care about YOURS.

But apparently political ideology is more important than your own kids???

Scenario 1- travelins kids get 100% of what they’d otherwise get. There is not enough money to repair the bridge down the street that’s crumbling and we’re not touching the fact that they have to pay exponentially more in their lifetime in healthcare/education costs with a 10 foot pole because we certainly can’t afford that

Scenario 2- travelins kids get 95% of what they’d get. We can pay for those things. Some billionaires kids get a lot less than 95% of what they’d otherwise get. Your kids lives are better off because while they have less money at the outset, maybe they won’t have to pay for some popped tires on potholes or we can do something about the mess of a healthcare and education systems that we have on our hands again saving them money in the long run.

But ultimately, if you just fundamentally don’t believe in America and think that the money just goes away with no benefit, then well I suppose we simply won’t agree on that. And that’s okay. But let’s just boil it down to what it is

TravelinMan wrote:

Travis of the Cosmos wrote:And it’s up to the rest of us to close those loopholes because we do not care about your children and if enough loopholes are closed to billionaires and as a result the quality of your kids lives are better, albeit with slightly less than they would have gotten from you, then everyone wins. I don’t get why this is complicated for you.

I don't expect you to care about my children.  I expect you to care about YOURS.  

But apparently political ideology is more important than your own kids???

Fuck off with that bullshit.

Travis of the Cosmos wrote:

TravelinMan wrote:

I don't expect you to care about my children.  I expect you to care about YOURS.  

But apparently political ideology is more important than your own kids???

Fuck off with that bullshit.

Again... if I've got it wrong, please clarify.

Travis of the Cosmos wrote:Scenario 1- travelins kids get 100% of what they’d otherwise get. There is not enough money to repair the bridge down the street that’s crumbling and we’re not touching the fact that they have to pay exponentially more in their lifetime in healthcare/education costs with a 10 foot pole because we certainly can’t afford that

Scenario 2- travelins kids get 95% of what they’d get. We can pay for those things. Some billionaires kids get a lot less than 95% of what they’d otherwise get. Your kids lives are better off because while they have less money at the outset, maybe they won’t have to pay for some popped tires on potholes or we can do something about the mess of a healthcare and education systems that we have on our hands again saving them money in the long run.

But ultimately, if you just fundamentally don’t believe in America and think that the money just goes away with no benefit, then well I suppose we simply won’t agree on that. And that’s okay. But let’s just boil it down to what it is

Clarified.

GRR Spartan wrote:Anyone who is bragging about their money and their possessions doesn’t have nearly as much money as they want others to believe.

The bullshit about leaving it to the government exposes a person who doesn’t have the money they want to imply and is a financial illiterate.

There are dozens of reputable lawyers and accounts who work in tandem to set up trusts that include stocks, cash and property and when those are set up the “government” take is negligible.  Those services are adequate for over 95% of Americans.

TravelinMan is spinning what my old USN Chief called a This is No Shit sea story.

You are correct. There are a ton of ways to reduce the government take. I'm being told by many on this board that they won't use them, or it's wrong to use them. I'm gonna use every single one of them and then some.

As for my money, I've never claimed to be rich. I'm just an average happy guy. I'd fight to leave my kids $0.25 or $25M. Amount doesn't matter.

TravelinMan wrote:

Trapper Gus wrote:

You are making up shit about what I am saying, please stop being such an asshole.

In fairness, I said it APPEARED to be what you're saying.  So if that's not the case, please clarify what you're saying then.

You are clearly against inheritances.  Will you leave (or if you're not financially capable, then pretend it's a hypothetical) an inheritance for your heirs?

Let's get the record straight.

I gave no appearance of what you said. That is an idea made up whole cloth from your head, and you had no reason to jump to that conclusion.

AS for the rest, I have explained it twice, now, in my two proceeding posts.

Travis of the Cosmos wrote:

Travis of the Cosmos wrote:Scenario 1- travelins kids get 100% of what they’d otherwise get. There is not enough money to repair the bridge down the street that’s crumbling and we’re not touching the fact that they have to pay exponentially more in their lifetime in healthcare/education costs with a 10 foot pole because we certainly can’t afford that

Scenario 2- travelins kids get 95% of what they’d get. We can pay for those things. Some billionaires kids get a lot less than 95% of what they’d otherwise get. Your kids lives are better off because while they have less money at the outset, maybe they won’t have to pay for some popped tires on potholes or we can do something about the mess of a healthcare and education systems that we have on our hands again saving them money in the long run.

But ultimately, if you just fundamentally don’t believe in America and think that the money just goes away with no benefit, then well I suppose we simply won’t agree on that. And that’s okay. But let’s just boil it down to what it is

Clarified.

I think there is substantial government waste, and there's a ton of spending of which I don't agree with. Since it's MY money, yeah, I'm gonna dictate how it's spent upon my death as much as humanly possible. The fact that you're OK with your money being spend on something as mundane as roads instead of your own family's well being is just frankly mind boggling to me.

Trapper Gus wrote:

TravelinMan wrote:

In fairness, I said it APPEARED to be what you're saying.  So if that's not the case, please clarify what you're saying then.

You are clearly against inheritances.  Will you leave (or if you're not financially capable, then pretend it's a hypothetical) an inheritance for your heirs?

Let's get the record straight.

I gave no appearance of what you said.  That is an idea made up whole cloth from your head, and you had no reason to jump to that conclusion.

AS for the rest, I have explained it twice, now, in my two proceeding posts.

And what I took away from that is that you value "society" more highly than your own family and friends.

TravelinMan wrote:

Travis of the Cosmos wrote:

Clarified.

I think there is substantial government waste, and there's a ton of spending of which I don't agree with.  Since it's MY money, yeah, I'm gonna dictate how it's spent upon my death as much as humanly possible.  The fact that you're OK with your money being spend on something as mundane as roads instead of your own family's well being is just frankly mind boggling to me.

Roads ARE your family’s well being. So is healthcare, so is education. Taxes are how those things get paid for.

But again, fine, being a part of society isn’t for you. Alas, it’s not really optional

And if you don’t make enough money to where you can still leave something substantial while also paying taxes then I dunno man get a bigger bag

Travis of the Cosmos wrote:

TravelinMan wrote:

I think there is substantial government waste, and there's a ton of spending of which I don't agree with.  Since it's MY money, yeah, I'm gonna dictate how it's spent upon my death as much as humanly possible.  The fact that you're OK with your money being spend on something as mundane as roads instead of your own family's well being is just frankly mind boggling to me.

Roads ARE your family’s well being. So is healthcare, so is education. Taxes are how those things get paid for.

But again, fine, being a part of society isn’t for you. Alas, it’s not really optional

All of those are lovely things, but I think I'll let me decedents decide for themselves what's in their well being.

TravelinMan wrote:

GRR Spartan wrote:Anyone who is bragging about their money and their possessions doesn’t have nearly as much money as they want others to believe.

The bullshit about leaving it to the government exposes a person who doesn’t have the money they want to imply and is a financial illiterate.

There are dozens of reputable lawyers and accounts who work in tandem to set up trusts that include stocks, cash and property and when those are set up the “government” take is negligible.  Those services are adequate for over 95% of Americans.

TravelinMan is spinning what my old USN Chief called a This is No Shit sea story.

You are correct.  There are a ton of ways to reduce the government take.  I'm being told by many on this board that they won't use them, or it's wrong to use them.  I'm gonna use every single one of them and then some.

As for my money, I've never claimed to be rich.  I'm just an average happy guy.  I'd fight to leave my kids $0.25 or $25M.  Amount doesn't matter.

This is why you are such a pill to deal with, you keep going beyond what people are saying on this board and assigning points of view that you want to argue against which they have not said to others.

Allowing the few lucky very wealthy people to pass on a majority of their hundreds of billions of dollars is creating a set of Lords who own and run the country.

A set of Lords who own and run the country is about as far from the goals of the founding generations as one can be. It is an evil to be avoided.

Very high inheritance taxes on these very wealthy Lords is the solution. Or we can continue down the path to a King, Loads & surfs.