General Discussion

Egalitarian Thug

(12,448 posts)

21. Real estate valuations require a pretty high dollar starting point or you get into

Sun Jun 10, 2012, 06:02 PM

Jun 2012

"real American" territory, i.e. farmers.

Once a story about a broke farmer with a real estate assets (the farm), whose family has to sell it off to pay the taxes gets some media attention, the deal falls apart. A million just isn't what it used to be, that's why I set the start point at three. Three million tax-free dollars quiets a lot of poverty pleading.

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Why haven't we heard of Jamie Johnson, heir to the Johnson & Johnson fortune? a GREAT [View all] angstlessk Jun 2012 OP

I've watched them both renate Jun 2012 #1

If I am not mistaken one of the Oscar Meyer heirs gave his money away and became a socail worker. jwirr Jun 2012 #28

I'm inclined to think Aerows Jun 2012 #38

Really? Perhaps some of these folks TBF Jun 2012 #43

I wouldn't assume Aerows Jun 2012 #48

You're reading what you want into my words. nt TBF Jun 2012 #49

Bookmarking . . very interesting. . . .n/t annabanana Jun 2012 #2

This film Born Rich is one of the best arguments out there for a confiscatory Egalitarian Thug Jun 2012 #3

what exactly is a confiscatory inheritance tax? cali Jun 2012 #5

Something along the lines of 40% after $3M and progressing to 99.99% at $1B. Egalitarian Thug Jun 2012 #7

ah, thanks. cali Jun 2012 #8

That's curs�d generous! Mairead Jun 2012 #12

There is no reason except that we tend to project our own wishes onto others. Egalitarian Thug Jun 2012 #17

I bet people would go for it if the upper bound were $1M...or even $500K Mairead Jun 2012 #19

Real estate valuations require a pretty high dollar starting point or you get into Egalitarian Thug Jun 2012 #21

Make an exception for farms, as long as they remain farms Mairead Jun 2012 #40

As for Sam Adams being a Chickenhawk, please elaborate. n/t Egalitarian Thug Jun 2012 #23

Not much more to say, really Mairead Jun 2012 #39

Out of a nation of 3,000,000 or so, only 40,000 served in the Continental Army. Rittermeister Jun 2012 #52

Quite right. But very few of them constantly urged others to fight Mairead Jun 2012 #62

$3m sounds vaguely reasonable Rittermeister Jun 2012 #53

Well for the sake of humanity, do something good with it. Egalitarian Thug Jun 2012 #59

Firstly, I probably won't see a dime of it for another twenty years. Rittermeister Jun 2012 #60

Ivanka Trump said something I thought was funny hfojvt Jun 2012 #4

Ivanka = her dad's laissez-fail beliefs minus the Birferism. HughBeaumont Jun 2012 #22

"The public will get what the public wants...." MindMover Jun 2012 #6

very good stuff. thanks for sharing. Schema Thing Jun 2012 #9

If you take a look at about the 56:00 minute mark, Schema Thing Jun 2012 #25

This message was self-deleted by its author Schema Thing Jun 2012 #26

It truly upsets rich people to ask them about their privilege. shcrane71 Jun 2012 #10

To build great wealth, you have to be greedy and selfish. tclambert Jun 2012 #14

Greed and selfishness will get you rich, but to get to this level requires serious criminality. Egalitarian Thug Jun 2012 #18

Well of course it does - TBF Jun 2012 #44

IIRC, when he made his first documentary, some subjects... Hassin Bin Sober Jun 2012 #61

Reccomending and bookmarking. progressoid Jun 2012 #11

For later Lucky Luciano Jun 2012 #13

Just watched 1%, very good, thanks. firehorse Jun 2012 #15

Thanks...didn't know about this. Added to Netflix cue. KoKo Jun 2012 #16

I watched close to half of the first film and loved it. JDPriestly Jun 2012 #20

Don't know about Kinko's, but you should dump Bill Gates as your example. Egalitarian Thug Jun 2012 #24

You are probably right. JDPriestly Jun 2012 #29

"Born on third base and thinks he hit a triple" describes the heir to the First Interstate banking Egalitarian Thug Jun 2012 #31

And here is where I mention that Bill Gates Sr. is an advocate for keeping the estate tax. CBHagman Jun 2012 #32

I know. We completely agree, I just have the advantage of being able to see it objectively. Egalitarian Thug Jun 2012 #33

Interesting chart. And family farmers could avoid the tax if they used JDPriestly Jun 2012 #51

Just watched the first one, wow! Starry Messenger Jun 2012 #27

Just finished watching the first one. annabanana Jun 2012 #30

I came back to this thread and, so far, I have watched all of the first film. JDPriestly Jun 2012 #34

+1...Your review is is good synopsis of what I felt...just having finished watching it. KoKo Jun 2012 #37

Intriguing video, this was done 5 years ago, wonder what he thinks now YankmeCrankme Jun 2012 #41

Yes. I had great difficulty writing my post. JDPriestly Jun 2012 #50

Thank you for presenting these for our perusual... northoftheborder Jun 2012 #35

Kick...Just watched the 1% on Neflix Instant...and have ordered the DVD for the second one... KoKo Jun 2012 #36

I really, really wanted to buy one of Ivanka Trump's handbags... OKNancy Jun 2012 #42

I've had time to watch 1/2 of the first and bookmarked TBF Jun 2012 #45

Just finished watching the first, certainly worth the time. The coverage of Katrina is best... Scuba Jun 2012 #46

K&R! Poll_Blind Jun 2012 #47

K&R Raffi Ella Jun 2012 #54

Born Rich Dorian Gray Jun 2012 #55

This is why I make a distinction between the Rich/1% and the Plutocracy. Zalatix Jun 2012 #56

Watching The One Percent on Netflix right now- thanks for sharing! Luciferous Jun 2012 #57

I notice that Johnson has a 1% blog on Vanity Fair. JDPriestly Jun 2012 #58