Uncle Paul
Well-Known Member
Boomers have been highly successful in building substantial estates. They want to pass this down to their families, while of course the government would like all that money transfered to them on death. The kids want that money to pay off their student loans, buy a house, start a business or start a family. Then they will want to pass some of it to their own kids to keep them from poverty.
People with poor parents want the wealthy taxed heavily. People with wealthy parents would like to get that as an inheritance.
If government levies a new tax on financial transactions it will start out small, but then become a honey pot for funding future pet projects.
Like sales taxes, income taxes, unemployment taxes, and Social Security taxes it will tend to grow larger over time.
Tax the rich policies tend to become tax everybody over time as well.
Take a look at how many taxes you see tacked onto your utility bills and property bills. They start at insignificant amounts, but grow continously.
People with poor parents want the wealthy taxed heavily. People with wealthy parents would like to get that as an inheritance.
If government levies a new tax on financial transactions it will start out small, but then become a honey pot for funding future pet projects.
Like sales taxes, income taxes, unemployment taxes, and Social Security taxes it will tend to grow larger over time.
Tax the rich policies tend to become tax everybody over time as well.
Take a look at how many taxes you see tacked onto your utility bills and property bills. They start at insignificant amounts, but grow continously.