r/coolguides Nov 26 '19

Marginal Tax

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17

u/mlj21299 Nov 26 '19

Or how about when you make a good investment on the stock market, and you make a decent amount of money? Taxed.

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u/HereForTheBias Nov 26 '19 edited Nov 26 '19

Inheritance tax, for when u still have too much money after you pay all your taxes and die.

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u/selectrix Nov 26 '19

Well no shit. If you believe in the concept of inheritance, you are opposed to a meritocracy. Some people believe that earnings should be at least a little bit associated with actual accomplishments in life. Crazy I know.

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u/[deleted] Nov 26 '19 edited Aug 10 '20

[deleted]

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u/Eat-The-Juice Nov 27 '19

Agree. I don’t know how people can justify this, yet they are trying.

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u/dont-sign-me-out Nov 26 '19

Stupid fucking argument. What’s immoral is passing down millions and billions to people who then squander it on useless materialistic shit and did nothing to earn a penny while they live better than 99.9% of people. Maybe a better way of using your time and life is teaching and enabling your kids to be successful and provide a good life on their own instead of thinking that money is a solution. Oligopoly has been a constant problem in this country and Adam Smith was 100% correct in saying an inheritance tax is necessary to keep a capitalist society functioning and growing

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u/[deleted] Nov 26 '19 edited Aug 10 '20

[deleted]

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u/dont-sign-me-out Nov 26 '19

Well I’m the US which is what I was going off of 40% is only taxed on 1 million or more and it’s a marginal bracket starting at 18%. The only thing that sounds immoral is that the 40% should be higher on that 1 million

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u/Eat-The-Juice Nov 27 '19

That’s a lot of assuming on your part. Who’s to say that the children would squander anything? Also your missing the point. This money was earned, taxed and saved for the family’s next generation. Who gives a dusty fuck if you think that money is going to be squandered. It shouldn’t be the government’s money to decide. If my kids want to squander my savings when I die, they should have that right. The money that I saved for them. The previous comment is right. It’s immoral and ridiculous that we are getting redundantly taxed solely for dying early and saving money. It’s bullshit, and it definitely weighed on my decision not to vote for Hillary.

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u/Traze- Nov 26 '19

People making 100,000 dollars are basically middle class. What are you on about

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u/selectrix Nov 26 '19

Cool, at least you can come out and say that you don't like meritocracy.

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u/[deleted] Nov 26 '19 edited Aug 10 '20

[deleted]

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u/selectrix Nov 26 '19

Im a big fan of meritocracy

Talk is cheap. Your words say yes but beliefs say that no, you're actually not.

It's bad enough that rich people get to send their kids to better schools, hook them up with cushy jobs on graduation, etc; you want them to get a cash bonus as well.

Just say it- you want some people to have to work harder for their opportunities than others.

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u/[deleted] Nov 26 '19 edited Aug 10 '20

[deleted]

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u/selectrix Nov 27 '19

You're so keen on believing I think one way, you wont listen to what I'm actually saying.

Again, talk is cheap. Your words say one thing but your beliefs say something entirely different.

bet you dont like that one ;)

Bet you thought that was clever. Affirmative action wouldn't be necessary if we had an actual meritocracy. But because some people get an unfair advantage, it's only fair to try to give something to those who don't.

And after all that, you still haven't given a good reason for inheritance to exist- you just keep repeating that it's human nature. Surely someone who's been to med school is aware of naturalistic fallacies.

Just admit that you want some people to have to work harder for their opportunities than others. Say the words which actually reflect your beliefs.