How to Fix Social Security

[Stacks42]

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.

So you agree with the death tax and want to raise it? You say that you are going to buy your kids a car and pay for college. Well say you have that money set aside for them, and you die. That 100k for school you set aside will be reduced to 50k, that 25k you set aside for the jetta is now 12.5k. Where is the logic in that?