2016 Postmortem
In reply to the discussion: Printed in Des Moines Register: Our caucus: Debaters agree on one thing -- Sanders [View all]cascadiance
(19,537 posts)And you think they didn't inherit this wealth from Sam? Huh?
And you know how in so many states, etc. that the wealthy get away without paying capital gains tax when they put all of their high capital gains investments in their inheritance that they never (nor do they have to like most of the rest of us do) cash out, since when it gets passed on to their kids, the capital gains revenue is lost since the inheritor only pays for the capital gains of the value timed when they sell it versus WHEN THEY INHERITED it, not the original value of that investment when it was first acquired, which for rich people is usually far less when originally acquired than when they die.
The inheritance game is also rigged, but most people don't realize that. Read this article to note how Oregon loses about $2 billion that it could really use each year to the rich not really paying what they ought to in capital gains tax on inheritances. That's why inherited wealth is rigged and is rigging the game to divide our society more in terms of wealth.
http://www.blueoregon.com/2012/07/oregon-estate-tax-2-billion-dollar-loophole/