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by foo_barrio
1711 days ago
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Money is already taxed multiple times though (in my part of the world NE US). If I buy a car with income received via dividends from Apple stock: * state sales sax on car
* future city property tax on car
* fed dividend tax on money used to pay for car
* apple already paid state and fed corp income tax on money used to pay dividend
* some person already paid income tax on money used to buy iphones/macs/chargers etc. Is your position that the estate tax in particular is egregious or that all taxes are egregious? If you only want money to be taxed once then you'd have to redo all the taxes no? |
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If it is possible for taxation to be egregious, then at some point there must be a boundary which is crossed. How can we define what is a just amount of property to confiscate with our subjective judgment?
It is a moral issue in principle. In practice it amounts to whatever politicians can get away with. Ideologues present wealth as evidence of greed. Envy is celebrated. The person with a bigger slice of pie is blamed for other's perceptions of insufficient portions, as if markets represent a zero-sum game.
Cries of, "You didn't build that" are overly simplistic and misleading. If they were valid, collectives and central planners could produce surpluses without need for individualized incentives. Yet history tells us a different story.
That slice of pie which so many here seem unhappy with is much bigger than what was eaten in years before. This is the result of individual profit incentives, competition and innovation, not taxation or central planning.
If it is to be a moral issue, perhaps we should start from the point of not coercing others or violating their property rights?