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Welcome to my blog, Solomon's Conservative Wisdom. The name of this blog comes from my middle name and the historical & biblical figure King Solomon. This group is dedicated to conservatism, and I invite all conservatives to join, I really don’t mind non-conservatives joining. All I expect is a respectful debate. So tell everyone you know.

Sunday, December 12, 2010

The Death Tax

After listening to Geraldo Rivera with some other progressive type on how lowering the Death Tax, I have had it with these Death Tax nuts.

I have the ultimate fool proof argument to use against these socialists, Most (if not all) Small Businesses worth anything, have all of their capital tied up in land, merchandise, equipment, and/or investments, they don't have millions sitting in a bank account or in a mattress. So if a Small Business or Farm owner dies and their worth is $3 million if you tax at just 40% that means they have to come up with $1.2 million to pay the Imperial Federal government, and how do those grieving heirs pay the only way they can sell the business or farm. Now who can afford to buy a business or farm worth $3 million? One answer, the big corporations and very rich with the cash to do such a transaction, the very groups that these progressives claim to hate, they are the ones who push the small businesses or farms of America in to the hands of a few, usually their few. 

And then we have The Weiner with this wonderful statement from earlier in the week, see video below,


Where to start, where to start, well first Mr. Weiner THEY ARE NOT INHERITING CASH MONEY! Sorry for the caps but I really wanted to emphasize the point, Small Businesses and Farms that pass to the next generation don't have heaps of cash laying around, if they did Mr. Weiner might, might have an argument for people under fifty million of worth. I have also heard some compare inheritances to casino and lottery winnings, first that is just offensive as hell, as some who has lost a relative if you said that to my face you would be on the floor holding your nose, second that argument is another fallacious one it must assume that the inheritance is predestined for the person by the Fates, which then means in order to equal things out it is predestined again by the Fates that half of that wealth be taken as if some ancient Greek writer had wrote it. 

Lastly I think Mr. Weiner has been watching and reading to many episodes of Richie Rich, but I find one of the last scenes from the Richie Rich film (1994) from a few years ago much more representative of the rich and wealthy here in America, when the villain finally gets into the Rich family vault he finds family trinkets and memory related items, when he demands an explanation, he finds the Rich family keeps their money in banks, the stock market, and real estate because they simply did not value money. That is the way most wealthy who do not let the love of money run them, men like George Soros though I believe would not, and does not under stand this, as do many on the left and progressives.

If Weiner represents the thought processes of the progressives and those on the left, if they keep speaking like this and we keep them out of the republican party the country will be in a better state in a few years.   

Solomon.

P.S. Since many Progressives will say they do not have a love of money I will simply preempt them with this, then why is it that you always go after the income wealth and not the interest wealth, such as the kind earned by Soros, Gore, and many more on the left? Perhaps it is because you know that people who actually earn their wealth with businesses that provide a good or service will prominently lean towards freedom, capitalism, and individualism then what Progressiveism leans towards.

5 comments:

  1. Just to mention, no one inheriting a $3 million farm would be paying $1.2 million in taxes on it. The debate on the Estate Tax is where that exemption level is, and the tax rate. With what Weiner and the Democrats are pushing for is an exemption level at $3 million. So that $3 million "farm" that someone is inheriting would now have any taxes on it. Not to mention that at the $3 million level its more than 99% of inheritances in the country. So even in the estate tax the Dems are pushing for more than 99% of estates would not be impacted by it.

    ReplyDelete
  2. First the example I use has no limitations on when and where the tax would hit, and if the rate in my scenario is 40% and the estate you are inheriting is valued at $3 million then you or if you prefer the estate has to pay that and if the estate's value is in investments, land, or inventory just how the hell will you pay it?! My point is the death/estate tax in the first place, a large number of estates value isn't in cash, gold, silver, or some other precious materiel, so all you do in the end is destroy a small business, and for what? So the government can get its cut again from that business which they have already gotten from that business when the owner was alive?

    Frankly I don't care if they set the exemption at five million or five hundred million just like the "flat tax" then next group of politicians can and will change it. The attitude I see from many of the hate the rich, reminds me of the way racists I have known in my life think of others from another race, they take the example, often an exaggerated example they haven't even personally experienced, of a few bad experiences or tales and use that as a justification of hate.

    ReplyDelete
  3. I find that Weiner constantly lives up to his name. It amazes me that the left feels that assets that have already been taxed once should be confiscated by the government. It is strictly a wealth redistribution tactic straight from the commies. I have no money, and neither do my parents, so I have no dog in this fight as it were. If I were fortunate enough to earn a boatload of money, and paid my taxes on it, when I pass on, my heirs should not be subjected to a tax on something that I already paid the taxes on

    ReplyDelete
  4. What really gets me is how many on the left seem to think that all businesses have boatloads of cash laying around to pay taxes.

    ReplyDelete
  5. When these small family owned businesses have to downsize in order to pay the inheritance taxes, then I guess it is just tough crap for the poor "little guy" that works for them. Thanks to Dems like weeny boy he gets canned. Thats OK though. They'll give him unemployment compensation & food stamps for 3 years. No worries. We can just raise taxes on the wealthy to pay for it.

    ReplyDelete

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