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The 1% now owns 50% of world wealth
Message
From
27/01/2015 14:15:34
 
 
To
27/01/2015 12:49:19
General information
Forum:
Finances
Category:
Other
Miscellaneous
Thread ID:
01613922
Message ID:
01614402
Views:
33
>>>A fairly simple solution. A cap on inherited wealth.
>>
>>We had a version of that here before estate taxes were re-branded as "Death Taxes" and slashed.
>>An inheritance tax of at least 90% on estates above a reasonable limit would level the playing field for each new generation and get the deficit down.
>>
>>The basic problem is the rampant corruption in government - and institutions in general.
>>Politicians have always been self-serving but it has reached new levels because of the money involved.
>>My mayor from Hamilton, the mayor of Trenton, and a raft of other New Jersey mayors are in federal prison for taking bribes.
>>Here's a whopper that has been obvious for years, but no one dared look at it because of this man's power.
>>http://www.nytimes.com/2015/01/23/nyregion/speaker-of-new-york-assembly-sheldon-silver-is-arrested-in-corruption-case.html
>>
>>With that kind of money flying around, who will pass an inheritance tax?
>
>Over the weekend, I read Chris Hayes' book "Twilight of the Elites." He addresses a lot of stuff like this. Good, easy read and I don't think one has to be liberal as Hayes to appreciate it.
>
>Tamar

Thanks
I see that my library has it and I'll get it.
Anyone who does not go overboard- deserves to.
Malcolm Forbes, Sr.
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