Quote:
Originally Posted by Normal
Weren’t taxes on inheritance already paid by the person who earned the money? Pay taxes on that money again? I’ll stick to the Living Trust.
Besides, income taxes are already a form of robbing from a worker to pay for a “great idea” made up by the government. Recently we’ve found out how great some of the ideas really were.
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The basic idea of a "GOOD" tax system is that each NEW generation MUST start FRESH and earn their fortunes THEMSELVES with no money or property gifts from their parents. This ensures no LAZY future generations living off their family fortune. But, it is largely theoretical because there are many "workarounds" that the rich can use.