"bpnjensen" wrote in message
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On May 20, 4:04 pm, "Sid9" wrote:
"bpnjensen" wrote in message

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On May 20, 3:17 pm, dave wrote:
ZNUYBV wrote:
On May 19, 11:30 am, DEFCON 88 wrote:
On May 19, 8:59 am, dave wrote: ∅baMa∅ Tse Dung
wrote:
One of the many shallow statements that sound good-- if you don't
stop
and think about it-- is that "at some point, you have made enough
money."
. . . . . . . . . . . . .

Amassing wealth beyond your needs is immoral and Unamerican.
Nonsense. Restricting people's freedom to acquire as much wealth as
they want (unless obtained through criminal activity) is immoral
and
Unamerican, and reeks of the typical jealousy of success exhibited
by
the Communist liberal/"progressive" left.

Family dynasties are Unamerican.
You mean like the Kennedys?

The Kennedy's got their wealth honestly. The Kennedy's inherited
their wealth.

Inherited wealth is the worst kind. Restore the inheritance tax back
to
Ronald Reagan era levels.- Hide quoted text -

- Show quoted text -

I won;r argue the basic point, although I have my reservations...but
assuming this is correct...

With one cautionary note -

When people are land-rich and money-poor (forest owners, ranchers,
farmers, wetland owners, other fundamentally responsible stewards), a
large inheritance tax frequently forces the inheritor (who legally has
no choice) to rapidly liquidate the good land to pay the tax bill -
sometimes farmland, sometimes natural habitat or even de facto
wilderness, and this turns it into subdivisons or other nonproductive,
non-habitat land. This unintended consequence has been repeated
countless times, and some provision should be made to forestall this
problem.

.
.
Got any statistics for this claim?

This sounds like the "family farm" story.

I am not familiar with *the* "family farm" story, whatever that may
be.

Not at my fingertips, and assembling it from scratch, with all the
variations and permutations, would be a daunting task - although I am
pretty sure it has happened to some of our ranching families here in
Alameda County; and I have seen claims from smaller mainstream
environmental groups in years past that were it not for this law,
small timber owners who had previously practiced sustainable forestry
would not have been forced to sell still-decent habitat to operations
that practiced clearcut logging. Imagine - an environmental group
campaigning for the wealthy?

This is not a hard scenario to imagine. I can imagine myself being in
that position.

It would be fairly easy to craft a law that applied specifically to
these situations without allowing tremendous abuses. I am not going to
make a big deal of this; suffice it to say that I think preservation
of the last remaining open space lands we have is more important than
whether somebody who is wealthy gets a tax break when their parents
die. YMMV.

Bruce Jensen
..
..
Imagination is wonderful.

How about some facts, statistics about the "family farms". etc that were
lost to the inheritance tax?

There were huge exemptions.

Republicans took care of the wealthy...as usual and conned the ordinary
schnook who thought he might have a taxable inheritance.

Best con job in recent history!