Post #253,742
4/28/06 1:10:04 PM
4/28/06 1:22:02 PM
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Cry me up a river
I don't like nepotism at the best of times. Claims that a tax makes nepotism more difficult doesn't sound like a problem to me.
My view is that having a rich dad no more makes you deserve to have an easy life than having a poor dad makes you deserve to have a hard one. I take this point personally because I grew up in a family that had nothing but hopes. I can't really sympathize with people who think that it is too hard to pass millions on to their children.
Making it personal, if my son can't get an advantage in life from his ability, how he's raised and the education that he's going to get, then he doesn't deserve to have a good life.
Cheers,
Ben
I have come to believe that idealism without discipline is a quick road to disaster, while discipline without idealism is pointless. -- Aaron Ward (my brother)
Edited by ben_tilly
April 28, 2006, 01:22:02 PM EDT
Cry me up a river
I don't like nepotism at the best of times. Claims that a tax makes nepotism more difficult doesn't sound like a problem to me.
My view is that having a rich dad no more makes you deserve to have an easy life than having a poor dad makes you deserve to have a hard one. I take this point personally because I grew up in a family that had nothing but hopes. I can't really sympathize with people who think that it is too hard to pass millions on to their children.
Making it personal, if my son can't get an advantagee in life from his ability, how he's raised and the education that he's going to get, then he doesn't deserve to have a good life.
Cheers,
Ben
I have come to believe that idealism without discipline is a quick road to disaster, while discipline without idealism is pointless. -- Aaron Ward (my brother)
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Post #253,755
4/28/06 1:29:12 PM
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so having a rich dad is a detriment
because when he dies some fuck in washington, takes 1/2 yer old mans money and you are left homeless, thats very caring of you.
thanx,
bill
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free american and do not reflect the opinions of any person or company that I have had professional relations with in the past 50 years. meep
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Post #253,757
4/28/06 1:34:04 PM
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What do you call having a poor dad then?
When a poor dad dies you don't get anything. When a rich dad dies you get enough money to pay the rent on a nice place for a few years.
It doesn't sound detrimental at all to have the rich dad.
Cheers,
Ben
I have come to believe that idealism without discipline is a quick road to disaster, while discipline without idealism is pointless. -- Aaron Ward (my brother)
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Post #253,768
4/28/06 1:54:10 PM
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s/few years/rest of your life
At least, if you actually live like I do, instead of like some spoiled rich brat.
When somebody asks you to trade your freedoms for security, it isn't your security they're talking about.
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Post #253,772
4/28/06 2:08:15 PM
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I said a nice place :-P
However even if you change that you're probably wrong. After a couple of decades inflation, the money won't rent as much as it does now.
Cheers,
Ben
I have come to believe that idealism without discipline is a quick road to disaster, while discipline without idealism is pointless. -- Aaron Ward (my brother)
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Post #253,773
4/28/06 2:08:35 PM
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whenever someone takes 1/2 of mine it gets detrimental
if the old fart cut me a check before he coughs then I pay 28%. Cause it was tied up in property and it didnt sell before he coughed I pay 50% I call bullshit, its the same pile of dough
thanx,
bill
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free american and do not reflect the opinions of any person or company that I have had professional relations with in the past 50 years. meep
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Post #253,776
4/28/06 2:14:11 PM
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It wasn't yours
It was your father's. The question is how much should transfer over to you.
As for "detrimental", I understand you to be arguing that having a rich parent is detrimental because you get hit with this tax. I'm pointing out that having a rich parent and getting hit with this tax still leaves you better off than having a poor parent and not. So on balance you're still better off having a rich parent.
Better off is not "detrimental" in my books.
Cheers,
Ben
I have come to believe that idealism without discipline is a quick road to disaster, while discipline without idealism is pointless. -- Aaron Ward (my brother)
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Post #253,759
4/28/06 1:35:02 PM
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Please provide verifiable references . . .
. . to sons and daughters of the very wealthy who were left homeless by the estate tax.
[link|http://www.aaxnet.com|AAx]
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Post #253,784
4/28/06 3:44:53 PM
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:-)
Not an answer, but the image reminds me of the stories about [link|http://en.wikipedia.org/wiki/Hetty_Green|Hetty Green]: Her frugality extended to family life. Her son Ned broke his leg as a child, but Hetty took him away from the hospital when she was recognized. She tried to treat him at home, but the leg contracted gangrene and had to be amputated \ufffd he ended up with a cork prosthesis. My Ma is a billionaire and I only got this cork leg! Cheers, Scott.
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Post #253,796
4/28/06 5:40:39 PM
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Yeah, we had that in my family too.
My grandfater on my father's side was the town banker in New Britain Connecticut. My father's eyesight was extremely bad. He had to get eyeglasses from a charity organization because his dad wouldn't put up the bucks for them.
This guy used to walk home from the bank to his 3 story mansion (most of which was locked up the day after the decorating was done to save on heating costs). He'd stop by the butcher shop to see if the butcher had any meat that was starting to turn that he could get at a discount.
Of course college for any of the kids was totally out of the question.
I can't be too harsh on the old guy though. After dividing his estate a jillion ways from Suncay my grandchild share was $8000, enough to get me into the house I've lived in for 30 years now.
[link|http://www.aaxnet.com|AAx]
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Post #253,906
4/30/06 7:07:32 PM
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Andrew Jackson's Grandchildren
Roosevelt saw how wonderful reconstruction was for carpet baggers he extended it to a new generation.
thanx,
bill
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free american and do not reflect the opinions of any person or company that I have had professional relations with in the past 50 years. meep
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Post #253,914
4/30/06 7:41:28 PM
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Eh?
[link|http://en.wikipedia.org/wiki/Andrew_Jackson|Wikipedia]: Jackson had two adopted sons, Andrew Jackson Jr., the son of Rachel's brother Severn Donelson, and Lyncoya, a Creek Indian orphan adopted by Jackson after the Creek War. Lyncoya died in 1828 at age 16, probably from pneumonia or tuberculosis.
[...]
In his will, Jackson left his entire estate to his adopted son, Andrew Jackson Jr., except for specifically enumerated items that were left to various other friends and family members. Jackson left several slaves to his daughter-in-law, and grandchildren. Jackson left a sword to his grandson, with the injunction, "that he will always use it in defence of our glorious Union." [link|http://www.thehermitage.com/hermtg_history/hermtg_property/decline/content.htm|The Hermitage] fell into decline after Jackson's death, but they don't mention estate taxes or any other tax problems. Do you have a link? Thanks. Cheers, Scott.
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Post #253,918
4/30/06 7:59:23 PM
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When I was at the Hermitage I saw info that had the begats
living in frugality in California and the folks that currently have it saved it from being broken up for taxes.
thanx,
bill
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free american and do not reflect the opinions of any person or company that I have had professional relations with in the past 50 years. meep
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