But the problem is the privately owned companies, that behave better than publicly traded companies.
If the head of FORD or STARBUCKS dies suddenly - if they were subject to the estate tax - the companies would have to SELL assets to pay the government for the estate tax. People would be outraged if the company had to lay off workers, or fire them.
Instead, we go after a private business owner, or farmer, who risked it all to create jobs and wealth.
So what if the family's wealth grows and grows? These people produce goods and services which benefit everyone; everyone's share of the pie might be smaller as a percentage, but the pie as a whole will be bigger.
Approximately 1 minute spent explaining the "against" and 3.5 minutes explaining the "for" side. Then Winston Churchill comes out of the woodwork. I take it you are a huge proponent of the tax.
The government has a responsibility to protect us from force. To do that they need capital. They do not produce, so they have to tax. What they tax, and how much is another debat, but as long as you are a citizen of a country and are enjoying the measures made by a government to enforce its laws, you should pay taxes.
I agree. I don't like double taxation that occurs with income and inheritance taxes. Proposed measures that are better than we have currently are the flat tax(a flat rate tax) and the fair tax(a federal consumption tax).
Can anyone tell me what the definition of theft is? Oh, now I understand, if a lot of people steal from 1 then it's ok. Well, what if all the right-handed decided to enslave all the left-handed people? First ones are in the majority so democratically that would be possible wouldn't it? Mammals are mammals what can we do.
@johammbass Theft is the unlawful taking of somebody's property or possessions, without their permission, with the intent to deprive them of it. When you have a government of the people, tax is simply money that the society club together to spend in a way that benefits the society in a compromised way. Using propaganda etc to corrupt this process to get peoples' money isn't theft. That doesn't make it alright, it's just not what the word "theft" technically means, but the spirit of it is equal.
@annoloki What happens if you don't pay your taxes? You go to jail. What happens if you don't pay the robber with the gun to your head? He shoots you.
The difference?
It's okay when the government does it it's not okay when private individual does it.
It is naive to think that the rich stay rich simply because they are rich and do nothing. It's a very uninformed view of things. The fact is there are plenty of people who won millions playing the lottery and 10 years later have nothing to show for it. One can only grow their wealth by making successful investments and those successful investments increase the gdp and create jobs due to products and services that people are willing to pay for.
Well, since double taxation is everywhere that makes it right. Lol
The point is that the private sector spends money more efficiently than the government ie better investment - more jobs - everyone benefits. Plus, no one is "passively" sitting on their money because they are at all times at risk of losing it due to bad investment. Government invests less efficiently - fact, therefore the investment options should be left to the people that actually own the estate.
When are you planning to start English Language....I am counting on those vids so much...hopefully the mystery of verb adverb adjective and blah blah will finally be solved for me
Never understood these taxes. If I already pay taxes to the government, and if I'm already that rich I guess I pay corporate and other "rich" taxes, why do they have to steal those 35% after my death?
@TheDepreso You really want your kids/dependents to never work for their entire lives (as if the 5 million tax free wasn't enough) or do you just wanna be buried in all your money?
@deshwitat357 That's a bad argument. In a real, free democracy, I have the right to do whatever I want with my money. Again, I paid my taxes throughout my life, I don't owe anything to anyone.
@TheDepreso But the point is you're dead! So an exchange has to happen, and though loved ones do deserve their inheritance, they did not work at all for that money. I happen to agree that income taxes are a broken system that do somewhat punish success. But to remove estate tax would essentially reward laziness and benefit only ultra rich trust fund babies. Maybe it isn't the ideal solution and it does clash with good principles, but problem it addresses can't simply be ignored.
@TheDepreso Actually, in a real, free democracy, the people who make up the society will democratically decide whether there should be an estate tax or not. That's what democracy means.
@TheDepreso Why should someone who earns a lot of money not be taxed just because their "employer" is their dead parent? Inheritance is no different than a normal income. Why should it not be taxed? The person who initially earned the income paid tax on it. But that person is giving the income to someone else. They are being paid. How is this different than your employer at work paying you? They paid tax on their income, and they pay you to do your job. Should you not have to pay taxes?
@Melthornal Well you can have citizens who choose to be citizens make a contract, instead of just thrusting the social contract on people. And it is a lump sum not some BS income tax or inheritance tax.
Plus you get rid of all this nonsense that the government does which it isn't supposed to be doing. You stop empire building and the entitles
Governments enforce contracts so they get a fee for stamping them.
So there are ways to do it. The key is to limit what government does, cut out the BS.
@mrhnm So basically you want a land owned by corporations, where the individual has absolutely no rights of any kind? You should try out the 1880-1920s. I heard that was a wonderful time in American history.
@mrhnm Also, you pay a fee to your landlord when you rent an apartment, why wouldn't you pay a fee to the government when you live on its land? It is essentially just a form of rent. It is an asset owned by the government, ultimately.
@mrhnm And the government charges you a fee for enforcing your rights. Without the government you do not have rights. You can own your house, but the guy who comes over to mow your lawn twice a week gets paid for giving you the service. The government does a whole lot more than mow your lawn.
@TheDepreso if you watched the video, he explains why someone would support the estate tax. And actually, the super rich get taxed at a lesser rate than someone with a mid-sized income.
But the problem is the privately owned companies, that behave better than publicly traded companies.
If the head of FORD or STARBUCKS dies suddenly - if they were subject to the estate tax - the companies would have to SELL assets to pay the government for the estate tax. People would be outraged if the company had to lay off workers, or fire them.
Instead, we go after a private business owner, or farmer, who risked it all to create jobs and wealth.
Why not change the way it's collected?
simplifyestatetax 3 weeks ago
So what if the family's wealth grows and grows? These people produce goods and services which benefit everyone; everyone's share of the pie might be smaller as a percentage, but the pie as a whole will be bigger.
FortNikitaBullion 3 months ago
Also, what role do these overseas tax-havens play in all this?
BJ219 3 months ago
Approximately 1 minute spent explaining the "against" and 3.5 minutes explaining the "for" side. Then Winston Churchill comes out of the woodwork. I take it you are a huge proponent of the tax.
nvesting123 7 months ago
Does the rate vary by state?
peterK2003 8 months ago
The government has a responsibility to protect us from force. To do that they need capital. They do not produce, so they have to tax. What they tax, and how much is another debat, but as long as you are a citizen of a country and are enjoying the measures made by a government to enforce its laws, you should pay taxes.
essandee 8 months ago
@essandee That's the option we have now but I don't think that it is a law of nature.
mrhnm 8 months ago
@mrhnm
Maybe not a law of nature, but it surely is a law of civilizations. A government cannot run without some form of income.
essandee 8 months ago
@essandee Certainly but I think you could there are ways to fund without taxes. Or if you must tax without an income tax and inheritance tax.
mrhnm 8 months ago
@mrhnm
I agree. I don't like double taxation that occurs with income and inheritance taxes. Proposed measures that are better than we have currently are the flat tax(a flat rate tax) and the fair tax(a federal consumption tax).
essandee 8 months ago
@essandee I don't like income taxes because then the gov has to be all over your business.
mrhnm 8 months ago
where can I go and say I want to leave mt Estate tax to my brother?
SuperMrgabriel 8 months ago
God I shouldn't have clicked on this video I feel so dirty.
Why taxes are theft period. And saying "your still going to get blipity blipity blu..." Is so asinine.
mrhnm 8 months ago
Can anyone tell me what the definition of theft is? Oh, now I understand, if a lot of people steal from 1 then it's ok. Well, what if all the right-handed decided to enslave all the left-handed people? First ones are in the majority so democratically that would be possible wouldn't it? Mammals are mammals what can we do.
johammbass 8 months ago
@johammbass Theft is the unlawful taking of somebody's property or possessions, without their permission, with the intent to deprive them of it. When you have a government of the people, tax is simply money that the society club together to spend in a way that benefits the society in a compromised way. Using propaganda etc to corrupt this process to get peoples' money isn't theft. That doesn't make it alright, it's just not what the word "theft" technically means, but the spirit of it is equal.
annoloki 8 months ago
@annoloki What happens if you don't pay your taxes? You go to jail. What happens if you don't pay the robber with the gun to your head? He shoots you.
The difference?
It's okay when the government does it it's not okay when private individual does it.
Yeah for double standards.
mrhnm 8 months ago
It is naive to think that the rich stay rich simply because they are rich and do nothing. It's a very uninformed view of things. The fact is there are plenty of people who won millions playing the lottery and 10 years later have nothing to show for it. One can only grow their wealth by making successful investments and those successful investments increase the gdp and create jobs due to products and services that people are willing to pay for.
johammbass 8 months ago
@johammbass Haha, yep, when Goldman Sachs gets their hands in it, you can kiss it goodbye!!
annoloki 8 months ago
Well, since double taxation is everywhere that makes it right. Lol
The point is that the private sector spends money more efficiently than the government ie better investment - more jobs - everyone benefits. Plus, no one is "passively" sitting on their money because they are at all times at risk of losing it due to bad investment. Government invests less efficiently - fact, therefore the investment options should be left to the people that actually own the estate.
johammbass 8 months ago
When are you planning to start English Language....I am counting on those vids so much...hopefully the mystery of verb adverb adjective and blah blah will finally be solved for me
Raysyedrocks 8 months ago
2nd year physics and biology.. Plz
Khanacademyr0cks 8 months ago
Never understood these taxes. If I already pay taxes to the government, and if I'm already that rich I guess I pay corporate and other "rich" taxes, why do they have to steal those 35% after my death?
TheDepreso 8 months ago
@TheDepreso You really want your kids/dependents to never work for their entire lives (as if the 5 million tax free wasn't enough) or do you just wanna be buried in all your money?
deshwitat357 8 months ago
@deshwitat357 That's a bad argument. In a real, free democracy, I have the right to do whatever I want with my money. Again, I paid my taxes throughout my life, I don't owe anything to anyone.
TheDepreso 8 months ago
@TheDepreso But the point is you're dead! So an exchange has to happen, and though loved ones do deserve their inheritance, they did not work at all for that money. I happen to agree that income taxes are a broken system that do somewhat punish success. But to remove estate tax would essentially reward laziness and benefit only ultra rich trust fund babies. Maybe it isn't the ideal solution and it does clash with good principles, but problem it addresses can't simply be ignored.
deshwitat357 8 months ago
@TheDepreso Actually, in a real, free democracy, the people who make up the society will democratically decide whether there should be an estate tax or not. That's what democracy means.
stepididntsee 8 months ago
@TheDepreso Why should someone who earns a lot of money not be taxed just because their "employer" is their dead parent? Inheritance is no different than a normal income. Why should it not be taxed? The person who initially earned the income paid tax on it. But that person is giving the income to someone else. They are being paid. How is this different than your employer at work paying you? They paid tax on their income, and they pay you to do your job. Should you not have to pay taxes?
Melthornal 8 months ago
@Melthornal The problem is not with what is taxed. The problem is with taxes period. It is not okay to rob people no matter who does it.
mrhnm 8 months ago
@mrhnm How then is government paid for? Magic spells?
Melthornal 8 months ago
@Melthornal Well you can have citizens who choose to be citizens make a contract, instead of just thrusting the social contract on people. And it is a lump sum not some BS income tax or inheritance tax.
Plus you get rid of all this nonsense that the government does which it isn't supposed to be doing. You stop empire building and the entitles
Governments enforce contracts so they get a fee for stamping them.
So there are ways to do it. The key is to limit what government does, cut out the BS.
mrhnm 8 months ago
@mrhnm So basically you want a land owned by corporations, where the individual has absolutely no rights of any kind? You should try out the 1880-1920s. I heard that was a wonderful time in American history.
Melthornal 8 months ago
@Melthornal That's what we have that's not what I want.
mrhnm 8 months ago
@mrhnm Also, you pay a fee to your landlord when you rent an apartment, why wouldn't you pay a fee to the government when you live on its land? It is essentially just a form of rent. It is an asset owned by the government, ultimately.
Melthornal 8 months ago
@Melthornal Not if we have property rights. This is a Boolean thing either you have property rights or you don't.
If you have them then the government doesn't own shit. If we don't then what we have is tyranny.
Good job for supporting tyranny.
mrhnm 8 months ago
@mrhnm And the government charges you a fee for enforcing your rights. Without the government you do not have rights. You can own your house, but the guy who comes over to mow your lawn twice a week gets paid for giving you the service. The government does a whole lot more than mow your lawn.
Melthornal 8 months ago
@Melthornal It shouldn't.
mrhnm 8 months ago
@TheDepreso if you watched the video, he explains why someone would support the estate tax. And actually, the super rich get taxed at a lesser rate than someone with a mid-sized income.
stepididntsee 8 months ago
5m tax free, lucky guys over there!
me2995 8 months ago
I saw you on Colbert. Thanks so much for uploading these!!!
ThomasHorter 8 months ago 10
@ThomasHorter Which episode?
BJ219 3 months ago
My life is complete; I am first.
WHIREAS 8 months ago 8