Originally Posted by
Sunvox
My brother-in-law wrote a book on the topic. I found it informative.
https://www.amazon.com/Citizens-2-So.../dp/098283280X
Consider this:
1) A man digs ditches 40 hours a week and earns X and pays tax on every hour of income, and if his per hour earnings increase he pays more tax?
2) A rich trust fund kid hangs a Picasso on a wall and the Picasso appreciates by $1 mil. That person pays no tax.
Society requires taxation. Does taxation of labor make more sense than taxation of wealth?
Then you must be in favor of the lifetime tax exemption going to zero then(currently 11 million per person). When you die, your kids should give half your money in estate taxes? We saw how big your retirement account was in the other forum, that would be a big hit to your trust fund kids.