Tilted Forum Project Discussion Community - View Single Post - Why not repeal taxes for people making over a million?

Superbelt · 10-20-2004, 05:35 AM

More evidence for you moving somewhere else:

Estate Tax,
It was created to prevent the concentration of wealth. It was established in 1916. Was heavily championed by Teddy Roosevelt and William Howard Taft
Roosevelt said that an inheritance tax on "such enormous fortunes as have been accumulated in would be one of the methods by which we should try to preserve a measurable equality of opportunity..."

Supreme Court Justice Louis Brandeis saw the estate tax as "a practical, democratic restraint on massive concentrated wealth and power. And in fact repeal of the estate tax today would widen the growing gap in economic and political influence between the wealthy and the rest of America."

“The man of great wealth owes a peculiar obligation to the State, because he derives special advantages from the mere existence of government.”
-President Theodore Roosevelt

“It is only under the shelter of the civil magistrate that the owner of valuable property can sleep a single night in security.”
-Adam Smith Wealth of Nations

The wealthy individual needs to pay for the “protection” that the State provides for his or her property a military force that defends private property from foreign threat and a legal system/police force that protects private property from domestic theft.
Shorter: Progressive Taxation is insurance premiums for the rich.

10-20-2004, 05:35 AM	#18 (permalink)
Superbelt This vexes me. I am terribly vexed. Location: Grantville, Pa	More evidence for you moving somewhere else: Estate Tax, It was created to prevent the concentration of wealth. It was established in 1916. Was heavily championed by Teddy Roosevelt and William Howard Taft Roosevelt said that an inheritance tax on "such enormous fortunes as have been accumulated in would be one of the methods by which we should try to preserve a measurable equality of opportunity..." Supreme Court Justice Louis Brandeis saw the estate tax as "a practical, democratic restraint on massive concentrated wealth and power. And in fact repeal of the estate tax today would widen the growing gap in economic and political influence between the wealthy and the rest of America." “The man of great wealth owes a peculiar obligation to the State, because he derives special advantages from the mere existence of government.” -President Theodore Roosevelt “It is only under the shelter of the civil magistrate that the owner of valuable property can sleep a single night in security.” -Adam Smith Wealth of Nations The wealthy individual needs to pay for the “protection” that the State provides for his or her property a military force that defends private property from foreign threat and a legal system/police force that protects private property from domestic theft. Shorter: Progressive Taxation is insurance premiums for the rich. Last edited by Superbelt; 10-20-2004 at 05:37 AM..