Oh, I believe you. The classics endure.
Brave to expose yourself as completely ignorant of simple concepts like marginal tax rates
You don't think about long term consequences much, do you?
Why wait? Donate your trust fund to Bernie and get a job.
I must really scare you for you to follow me around like this.
No, I'm not following you around. You've organized me.
to some extent they are ok.
The way things are right now, the wealthy can pass on their fortunes virtually free of taxes. This means their families can continue to dominate the economic and political scene for generations. Another word for this phenomenon is 'aristocracy'. Our Founding Fathers rightfully hated it and were convinced it was the enemy of democracy. I agree with them and so I want to see large fortunes cut down to size when they pass from one generation to the next. This makes sense from another standpoint, as well; our current tax code defers the payment of tax on capital gains from the increase in value of property like land and stocks. If the wealth is passed on, it never gets taxed at all and that's wrong.
American has pretty strong wealth mobility. Look at so many of the Billionaires today, they are all tech founders. The same tech that didn't even exist 15-30 years ago. So the wealthiest people are those in an area that didn't even exist when they were born.
America has less class mobility than any other developed nation.
We would have class mobility on par with the rest of the world but the republican south is dragging down our average
Not just down south.
