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PeaceWave

(2,951 posts)

12. ALL stepped up basis? Throwing the baby out with the bath water, isn't it?

Thu Feb 19, 2026, 11:47 PM

17 hrs ago

Aren't we supposed to be targeting the most egregious concentrations of wealth? Or, are we also targeting relatively small accumulations of wealth by first generation immigrants and other historically less well off demographic groups?

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We Need to Talk About Rich People [View all] Haggard Celine 17 hrs ago OP

I've had the same thought. Nobody needs millions or billions of dollars in cash or properties to live a good life... wcmagumba 17 hrs ago #1

I agree. Haggard Celine 17 hrs ago #2

And get rid of stepped up basis TexasBushwhacker 17 hrs ago #6

They have it figured out, don't they? Haggard Celine 17 hrs ago #10

And all that hoarding of capital TexasBushwhacker 17 hrs ago #11

I think they're trying to fix the economy so that it runs on Haggard Celine 17 hrs ago #15

But that's not sustainable TexasBushwhacker 16 hrs ago #16

Texas, you have an answer for me regarding how much stepped up basis you're willing to exclude? PeaceWave 16 hrs ago #18

I think that's what we should shoot for. Haggard Celine 16 hrs ago #19

That's what I wonder about too. AZJonnie 13 hrs ago #35

I often wonder how many of the common people do not understand this- no wonder the rich don't want Stargazer99 11 hrs ago #37

ALL stepped up basis? Throwing the baby out with the bath water, isn't it? PeaceWave 17 hrs ago #12

Of course, and I have no problem with a spouse TexasBushwhacker 17 hrs ago #13

Okay, so you've already made an exception for a spouse. What about for children? And, how much? PeaceWave 17 hrs ago #14

Not only that, markodochartaigh 15 hrs ago #29

Definitely a rigged system TexasBushwhacker 6 hrs ago #44

Let them earn (or steal) as much money as they want but Marie Marie 17 hrs ago #3

I think that's fair. Haggard Celine 17 hrs ago #5

Makes me sick! CountAllVotes 17 hrs ago #4

They think it all should be theirs. Haggard Celine 17 hrs ago #8

Line em up VanceFan 17 hrs ago #7

A health care system would be a nice start. Haggard Celine 17 hrs ago #9

Immigrants Aren't Stealing Your Jobs Mr.Bee 16 hrs ago #17

He said he was going after criminals and Haggard Celine 16 hrs ago #22

ICE is hiring the criminals. Thus the need for masks. travelingthrulife 6 hrs ago #45

And it isn't capitalism Figarosmom 16 hrs ago #20

OP, I notice that you didn't define either "wealthy" or "rich." How do we know who to go after? PeaceWave 16 hrs ago #21

Just like everything else, the government would have to decide Haggard Celine 16 hrs ago #23

Eventually though, these kinds of suggestions must narrow down to a specific number... PeaceWave 16 hrs ago #24

Well, any number is going to be Haggard Celine 16 hrs ago #27

Without actual numbers regarding the taxation of wealth, the discussion collapses into vaguery... PeaceWave 15 hrs ago #28

I don't know all the laws about Haggard Celine 15 hrs ago #31

Found this book at the thriftstore Puppyjive 16 hrs ago #25

Reagan broke the guardrails that prevented this. I don't think live love laugh 16 hrs ago #26

On limiting how much people can accumulate canetoad 15 hrs ago #30

I just want to take a lot of the power Haggard Celine 15 hrs ago #32

Elon Musk canetoad 15 hrs ago #33

Well said! Haggard Celine 14 hrs ago #34

The most doable thing with the best bang for buck is to invalidate Citizens United and force public funding of elections AZJonnie 13 hrs ago #36

It all goes back to that. And that goes back to the complete corruption of the Supreme Court under Roberts. Scrivener7 9 hrs ago #39

I was just thinking this morning that we didn't use to be so dependent on giant privately owned corporations. Scrivener7 9 hrs ago #38

Well said. Haggard Celine 8 hrs ago #41

You want them taken down a notch? OldBaldy1701E 8 hrs ago #40

Yes! AND stop giving them your money! I don't get why people won't do this. Scrivener7 8 hrs ago #42

Programming, my friend... programming. OldBaldy1701E 8 hrs ago #43

Message auto-removed Name removed 6 hrs ago #46

bye bye KS Toronado 6 hrs ago #47

And? BannonsLiver 6 hrs ago #48

Well, perhaps we can narrow the scope to wealth inequality TBF 6 hrs ago #49

It is immoral to have folks starving in the streets TBF 6 hrs ago #50