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by WalterBright
318 days ago
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It's a man providing for his family. It's a basic drive for men. I don't see a compelling reason why other men should decide it for him. BTW, the federal estate tax is 40% and the Washington estate tax is 37%. That's 77%. How much more do you want? |
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Provision is not a problem in and of itself; it’s the scale at which it is occurring. I know from your posts that capital accumulation is an issue you’ve thought a lot about, and I’m sure you’re smarter than I’ll ever be, but I feel strongly that you’d change your mind on this if you spent some time reading about late Roman, medieval, and early modern economies. I was a libertarian for many years prior to looking at the dynamics of wealth accumulation that occurred during these periods and how societies came up with new ways to navigate them. I will admit I never came up with a cohesive moral theory to justify it, which is why I stop short of endorsing any alternatives; I’m just saying that the idea that it is a moral and practical necessity for these fortunes to accumulate is a relatively new one.
> BTW, the federal estate tax is 40% and the Washington estate tax is 37%. That's 77%. How much more do you want?
That is higher than I would have expected. It is notable that the federal rate has an exemption that as of 2025 is just under 14 million dollars.