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Old 04-08-2025, 01:36 PM
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dewilson58 dewilson58 is offline
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Originally Posted by jimjamuser View Post
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.


Not a significant problem in the USA.

In the United States, a very small percentage of people, likely less than 0.1%, possess a net worth of $5 million or more.
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