Reply #67: I don't believe in the principle of the inheritance tax [View All]

[MajorChode]

The inheritance tax originated because politicians felt that since they couldn't tax the rich during their lifetimes, they would just tax them at death and make up for it. The argument was that you should simply free the rich to make as much money as they possibly can (without being encumbered too much by taxes) and in the end you will get far more back from them. That meaning has been lost through history.

I happen to agree with the Republicans on this one. Get rid of the inheritance tax. It doesn't belong in any reasonable tax scheme. However, when you get rid of it, now you will tax the rich fairly during their lifetime, and by fairly I don't mean the fat junkie's definition of fair. I mean tax non working income (capital gains and dividends) at the same rates as you tax working income (wages). That includes social security taxes also. I also mean a truly progressive tax structure where by the more you make the higher rate you pay.