Right: wages, tips etc. are not "INCOME" in the strict sense; they are an even exchange for the hours and labor you put in. Taxing you on your labor is immoral and reprehensible. Communists notwithstanding, no other people have any legitimate claim to the fruits of your labor. You can GIVE FREELY of your wealth to others out of love; but it can never be FORCED out of you. You don't OWE the money.
A lot of the tax code does not hold up to scrutiny. This is why the talk of re-doing the entire tax code is often discussed but not really grappled.
It is not grappled because it takes a lot of will power and political currency to undertake such a massive change. It would change society drastically and some would resist such a change.
Estate taxes and property taxes are a big wealth transfer to the state that suppress the ability of families to build generational wealth.
Those with existing massive generational wealth are not impacted by estate taxes and property taxes as much because they can hire an army of attorneys and lawyers to circumvent this all.
Right: wages, tips etc. are not "INCOME" in the strict sense; they are an even exchange for the hours and labor you put in. Taxing you on your labor is immoral and reprehensible. Communists notwithstanding, no other people have any legitimate claim to the fruits of your labor. You can GIVE FREELY of your wealth to others out of love; but it can never be FORCED out of you. You don't OWE the money.
So estate taxes are bs as well…?
A lot of the tax code does not hold up to scrutiny. This is why the talk of re-doing the entire tax code is often discussed but not really grappled.
It is not grappled because it takes a lot of will power and political currency to undertake such a massive change. It would change society drastically and some would resist such a change.
Estate taxes and property taxes are a big wealth transfer to the state that suppress the ability of families to build generational wealth.
Those with existing massive generational wealth are not impacted by estate taxes and property taxes as much because they can hire an army of attorneys and lawyers to circumvent this all.