tag:blogger.com,1999:blog-18243814.post115128462057057001..comments2023-10-12T21:03:12.188-07:00Comments on Left-Over: Death Tax or Wealth Recycling?left-overhttp://www.blogger.com/profile/05090065395667863082noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-18243814.post-1151433165495939472006-06-27T11:32:00.000-07:002006-06-27T11:32:00.000-07:00And that's the way it should be. Buffett's estate...And that's the way it should be. Buffett's estate will avoid billions in taxes by, gasp, putting the money toward charitable causes while he's alive. The government will get their share when he dies, and his kids will remain multi-millionaires. Kind of a win-win-win.Buzzhttps://www.blogger.com/profile/16964105483082514962noreply@blogger.comtag:blogger.com,1999:blog-18243814.post-1151362656933514482006-06-26T15:57:00.000-07:002006-06-26T15:57:00.000-07:00Yes he does. Here is a graph from an MSNBC articl...Yes he does. Here is a graph from an MSNBC article.<BR/><BR/>Buffett said his children have known all along that much of their family’s wealth would be given back to society. “They consider themselves lucky. They don’t consider themselves quite as lucky as if they had a father with a different view.”<BR/><BR/>You got to respect that. What a breath of fresh air.left-overhttps://www.blogger.com/profile/05090065395667863082noreply@blogger.comtag:blogger.com,1999:blog-18243814.post-1151354180788874072006-06-26T13:36:00.000-07:002006-06-26T13:36:00.000-07:00LWJ - I share your appreciation for the "Paris Hil...LWJ - I share your appreciation for the "Paris Hilton Tax" characterization and agree that it's a more compelling argument! <BR/><BR/>However, I also like the long-term benefit of moving it out of the category of "taxes" to something with a more positive connotation - like "recycling!" By helping to cement the idea that "you can't take it (all) with you," even into future generations of your lineage, I suspect that it would take some of the luster off of things like, say, <B><I>war profiteering!</I></B><BR/><BR/>L-O - I wonder if Warren Buffet has any kids!seenoshttps://www.blogger.com/profile/14830315020073256903noreply@blogger.comtag:blogger.com,1999:blog-18243814.post-1151344820354745962006-06-26T11:00:00.000-07:002006-06-26T11:00:00.000-07:00Very interesting especially when you look at what ...Very interesting especially when you look at what Warren Buffet said about donating his Billions to charity.<BR/><BR/>I can't find the quote at the moment but will post it later.left-overhttps://www.blogger.com/profile/05090065395667863082noreply@blogger.comtag:blogger.com,1999:blog-18243814.post-1151341480113825982006-06-26T10:04:00.000-07:002006-06-26T10:04:00.000-07:00I agree with Mr. Welch; the estate tax is the fair...I agree with Mr. Welch; the estate tax is the fairest of taxes, and should be raised rather than cut. Why we can't seem to get any political traction with this issue is <BR/>baffling and profoundly frustrating to me. I've had several loud, lengthy arguments with my favorite conservative (Big Al), on this very issue. No matter logically and/or enthusiastically I lay-out my reasoning, I can't seem to budge him from his argument that Baron Hilton's money has already been taxed once, and it's the Baron's God-given right to pass it on to his skanky ho daughters without having it "taxed again". O.K., maybe my arguments have been a little long on enthusiasm and light on logic, but dammit, the Baron's NOT being taxed "again", he's DEAD, and therefore immune to taxation! Paris and Nicky are the one's who would be taxed, on income that they did nothing to earn other than survive their respective lives of drug and alcohol abuse, multiple sex partners, and eating disorders...<BR/><BR/>While "Economic Wealth Recycling" may be a more accurate description of the program, I think the "Paris Hilton Tax" has more popular appeal (even if it hasn't persuaded Big Al). Paris is the perfect poster girl to represent the ultimate goal of the Republican party; a return to the Gilded Age.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18243814.post-1151333699453887952006-06-26T07:54:00.000-07:002006-06-26T07:54:00.000-07:00Economic Wealth Recycling! I'd like to see that o...Economic Wealth Recycling! I'd like to see that on shirts, billboards, bumperstickers, people's foreheads. Send to daily kos.Anonymousnoreply@blogger.com