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Originally Posted by Karma Police  In spite of all the so-called "unfairness" of the estate tax and "punishment" of the rich, we have massive budget deficits and there's a growing gap in the disparity between the super-rich and everyone else in our society. |
And this is the fault of the government? The beauty of America is that you CAN become wealthy and even super rich is YOU work hard enough. Why should you be punished for it. Massive budget deficits have nothing to do with the rich, or the poor for that matter. It has to do with irresponsible spending by the government and no accountability for that spending. You are comparing apples to oranges here.
Do you honestly think that taxing the super-rich even more is going to solve the national deficit issues? That would be like giving your teenager a credit card and when they charge it to the max say "Oh I'll solve your credit debt by giving you more money". Yea that will work.
Besides, many very wealthy people are great givers back to society, and they don't need to government to do it.
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Also, they do not believe a few hundred wealthy families should wield such a disproportionate amount of power in a democracy.
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As previously mentioned, that is their personal belief and they are entitled to it, but it isn't the belief of everyone. If you asked them, I would highly doubt that they would say that the government would spend their money better than they would. Take Bill Gates for example, he could just give his billions to the government and say "Here put this to good use", but no he is far smarter than that and decided to start a foundation where he and his wife are spending billions of their money helping people in various ways. Oh yea, and Warren Buffet has pledged his billions to that same foundation. Imagine that.