Quote:
Originally Posted by Sephiroth
You could divide the nation into two groups:
1/
People who work diligently and build up their assets, including inherited assets/wealth.
2/
People who work diligently with little or no ability to build assets.
What I’m seeing here (Forum) are lefties of various flavours who regard unearned wealth as partial property the state can 40% take and give to group 2.
But say the wealth left behind in a will is all earned on which tax has already been paid? Unfair to tax it again just because it becomes unearned wealth for the next generation.
Lefties basically apply the politics of envy. Until they ‘get the foreman’s job at last’.
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You missed out on the 3rd group who, ironically have far more (fairly) taxable wealth that the other groups:
3/ People who do not work diligently, rather, rely on existing wealth (property, shares, dividends, etc.) and build up their assets principally via tax loopholes and generous (to the wealthy) schemes where little or no tax is paid to the state.
Loving the "politics of envy" trope
It betrays poor imagination to constantly trot this out each time taxation is discussed. It normally is presented by those who:
a) have significantly more than the average amount of personal wealth
b) resent having to pay any tax, over and above what they regard as a fair amount i.e. a small amount
c) still expect the country to have high quality infrastructure & services, at least where they live