Quote:
Originally Posted by saden1
OK, so what's the real difference between leaving your money to a total stranger vs leaving it for your children? Suppose I leave the money to someone that isn't my child? Should it be taxed? Should preferential tax treatment be given to your own kids?
I'm sorry but passing down wealth without taxing it is akin to a pyramid scheme. People at the top of the scheme will perpetually be at the top and the income gap in this county will grow exponentially. Not only that but a larger burden of the tax bill will be shouldered by the middle class.
Finally, I assure you you would do well to be my kid. Having a wealthy dad is awesome I tell you  My kids will be well taken care of. When they are ready to go to college or buy their first car/home I will be there for them. I will prepare them to succeed in this world, I just won't hand them my estate upon my death. The estate is already earmarked for charity. |
IT ALREADY IS TAXED. ANd I would say my personal opinion is that if you can't see the difference between leaving family money to your kids rather than a starnger then there is no way we will ever agree on this.