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Author: 2gifts Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1498  
Subject: Re: POL: spokesman for the common man Date: 4/13/2004 10:33 AM
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(notice he never tries to get a tax on inheirited wealth?),

Not that I stand to inherit anything because all of my family is dirt poor, but this type of statement has always made me wonder why some people think that inherited wealth is bad, and why it should be taxed so much that the government ends up with most of it. I mean, this is money that has already been taxed as income to the decedent, so why does it somehow belong to the government if that person dies? If that person were alive, he could choose to spend it or give it to charity or give it to anyone he chooses. I wonder what makes it more acceptable to take this money when someone dies and why it is not considered OK for someone to inherit money? I would think that if people could inherit money, they wouldn't need other services from the government like Medicaid because they'd have money to spend on themselves.

Why is it OK to treat inherited money in a socialistic fashion where it is deemed better for it to go to the government than to the intended heirs?

Just curious.
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