Quote:
Originally Posted by JurisDictum
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That's true. I guess My line between poor and middle class tends to be more poor/middle and upper middle class in my head these days. How are you Republican types OK with that BTW? It's a big deal for anyone that ever can slowly pay off a house.
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im not a republican and it does not please me. we don't need subsidies for the poor anymore than we need for the wealthy. im not concerned with
my ability to
compete, but the long term implications of wealth balloons at the top
are troubling.
most people can't compete and while i do not believe anyone is entitled to anything, it is bad policy for a society with any sort of long term aspirations to promote poverty either by making staying in it more easily managed or by pushing people down into it.
highly competent individuals will always outperform less competent ones and an unrestricted environment
the most competent individuals (those operating at 2 or more standard deviations above the mean) will win all available resources. That is a problem.
On top of it, while their children will have more resources contributing to their chance at success, there is no guarantee that they will be as competent/productive as their parents and they will almost certainly be less ambitious, which is why the estate tax is vitally important and republican talk of "eliminating the death tax," is idiocy. Yeah,
Some farmers may have to downsize when passing to the next generation, but maybe then we'd spend less laying them to destroy crops. The lifetime exemption covers ordinary people. The tax itself needs to be much higher though.