bertsmobile1
Lawn Royalty
- Joined
- Nov 29, 2014
- Threads
- 65
- Messages
- 24,995
Firstly because you can't spend it when you are goneGood for them. Why in the HECK should anyone pay taxes on money they own, or pass down, just because they die.
Because the government says so? That's one messed up government.
Secondly no person ever became wealthy without some support of the government be it that they speak English and not Japanese or German , drive on roads , send things through the mail do not have to sit all night by their front door shotgun in hand , had a supply of water , under paid employees live is government housing etc etc etc.
Next it slows down the formation of unbelievably rich family cartels like the Coke family , or the Fords or the Rockerfellas etc etc.
Being born into a rich family does not mean you should be able to buy yourself political power
Aussies are always lambased for our stingyness towards charitable foundations compared to the USA or the UK and the reason is simple, you lot have an inheritance tax & we we don't have to make sure it is spent where we want it to go so the government does not spend it where we don't want it to go.
You lot got Foxtel because Murdoch inherited a newspaper empire from his father then built it up into the monster that it is today.
So repulsive is the empire that the kids are walking out rather than taking over .
So dad dies with $ 200,000,000,000,000,000, all that happens is the kids squabble over who gets the biggest slice till there is nothing left or they become tyrants.
And most become tyrants totally divorced from reality because they get richer by $ 1000/ minute just because of which family they were born into.
So you get the tobacco barons addicting everyone to nicotine despite the fact they know it will eventually kill their customers.
Ford executieve deciding to see cars that they know will explode & kill the occupants if rear ended because it will be cheaper tp pay the families of the victims out than do a recall.
The Coke bros turning coal burning into a left vs right political issue so they can continue to increase there wealth by $ 1,000,000 day.
The whole basis of capitalism is we all start off equal and the best rise to the top
Not that 5% start at the top & keep the rest at the bottom which is what is currently happening .
And who decides what is wise spending ?When the government starts spending money wisely, efficiently and for ONLY good reason, then and only then should they be able to raise taxes.
They don't have an income problem. They have a spending problem
Naturalist would consider buying all unprofiable farms & returning them to forest wise spending for the future of the planet.
Homeless advocates would say affordable government owned rental properties are the most wise spending
Pacifists would disband the military and spend all of the saved money on charities to eliminate global poverty
Militarist would quadruple the military and make military service compulsory for every man woman & child ( if they had money buy a comisson for their kids )
Hunters would make more national parks and open all of them for hunting.
Astronomers would make all lights go out at 9 pm so they could get better visions of the starts
Heck Californians would ban petrol power for everything across the entire country
The NRA would make carrying a fire arm manditory for every one over 5 years old
Police would go for imprisionment without trial and revere the ownership of guilt so you would have to prove your innosence rather than they prove your guilt
Who decides ?????
The only country with a real democracy, where the population actually decides what becomes law & where government money is spent is Switzerland .
And the Swiss pay a 40% tax rate on the combination of their annual income + the value of their assets