I could care less about cars and such. I'm talking about powerful families which become dynasties. It dangerous. They tend to control the government....get preferential treatment...get drunk....drive cars over bridges killing girls...and walk. And that's just one example.
Furthermore...Those who benefit the most in this country and become Bill Gates or Steve Jobs...Or Walmart do owe a debt to the country. Walmart could never have built that Empire in any other country. Only in America.
Walmart is a direct beneficiary of our Tax system....Food Stamps....Interstate system...electrical grid...etc.
When its time to pay for those things which make this country great...do you really think a family which already earned 25% of this countries wealth....should continue to benefit from our infrastructure...and our food stamp and welfare system.....and not have to pay to maintain this countries infrastructure. If they aren't taxed...who is going to pay for it. YOU ? Me ?
It ain't going to be the person who has nothing who is getting Medicaid and food stamps. So who should pay ?
You are exactly right.
Reading another thread on this board tells me I'm a 2%-er. To Fred_G I'll say a couple things. 1) Anyone who thinks you get rich from hard work is either not rich or lying. You get rich by either being lucky or by being prepared when opportunity knocks. 2) Inheritance taxes are not a tax on people who get rich. They are a tax on their descendants who don't work, and who get handouts from someone who did. Sound familiar? You sure you don't want to back inheritance taxes?
And by the way other than my income I'm an average liberal.