One of the key beliefs of Marxist ideology is no one should own property privately, and one way to erode private ownership is to destroy inheritance.
President Biden has proposed a new death tax to help pay for his $3.5 trillion social welfare expansion and to further the ideology of envy and theft — socialism.
He is getting resistance from Congress, including a top farm state Democrat who warns that the tax will hurt family farms, The Washington Times reports.
The proposal would change the way capital gains are calculated on inherited assets worth more than $1 million. It will take a larger bite out of inherited stocks, real estate, businesses, and farms.
Bernie Sanders’ $3.5 trillion ‘human’ infrastructure bill includes the destruction of the right to inheritance.
Republicans continue to be stupid. Do they only speak to their “donor class”. I heard them once again speaking on “tax cuts” in response to this legislation. If they are wanting to reach “voters”, they need to learn the state of those voters. If nothing else, look at IRS statistics. There’s a good percentage of ‘voters’ who pay no (Zero) Federal taxes. Many others pay taxes at very low rates. Look no further than the, One percent pay most of the taxes. Republicans do little to give a good reason to oppose such legislation and, thus, few care about it. It signals they are “out of touch”. One thing they refuse to do, and have admitted hostile to, is using personal anecdotal examples of the effect, even though they saw it work with Trump, and was used effectively under Gingrich with Hillary-Care. What’s even more sanctimonious is how they now talk about “excessive” spending. None of them had an issue with the vast sums spent under the CARE Act. They “knew” the effect of subsidizing extra Unemployment Benefits but did it anyway. It’s Damn hard to counter democrats rhetoric how Republicans always complain about spending when they are in the minority. That shows the general public the Republicans are nothing but hypocrites. But, so long as donor money fills the coffers, they are satiated.
Almost 50% of Americans don’t pay taxes now which is why they vote Democrat. Republicans need to educate Democrats to the fact that Business passes taxes to the customer which is why their grocery bills and rent is so high. Reduce the size of Government and everyone’s cost go down.
No property should be taxed. We shouldn’t have lease something we own from the Government. The problem is the 16th Amendment since it removes all safeguards against the Government Taxing everyone into poverty.
Private property is the original source and basis of all inequality.
Jean-Jacques Rosseau
Perhaps you could enlighten us on how, exactly that is the case? Or do you simply repeat a quote you recall from a college class.