General Discussion

Haggard Celine

(17,778 posts)

27. Well, any number is going to be

Fri Feb 20, 2026, 12:56 AM

7 hrs ago

more or less arbitrary, but I would say that income of $10 million in a year is a gracious plenty for just about anyone. Maybe you can't have a house in every state and country and have a yacht, but you can have a great life.

As far as taxing assets goes, I'm not sure what to do about that. You don't want to take people's personal property, but if they have a lot of property that they aren't using anyway, why not take it and use it?

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We Need to Talk About Rich People [View all] Haggard Celine 9 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 9 hrs ago #1

I agree. Haggard Celine 9 hrs ago #2

And get rid of stepped up basis TexasBushwhacker 9 hrs ago #6

They have it figured out, don't they? Haggard Celine 8 hrs ago #10

And all that hoarding of capital TexasBushwhacker 8 hrs ago #11

I think they're trying to fix the economy so that it runs on Haggard Celine 8 hrs ago #15

But that's not sustainable TexasBushwhacker 8 hrs ago #16

Texas, you have an answer for me regarding how much stepped up basis you're willing to exclude? PeaceWave 8 hrs ago #18

I think that's what we should shoot for. Haggard Celine 8 hrs ago #19

That's what I wonder about too. AZJonnie 5 hrs ago #35

I often wonder how many of the common people do not understand this- no wonder the rich don't want Stargazer99 3 hrs ago #37

ALL stepped up basis? Throwing the baby out with the bath water, isn't it? PeaceWave 8 hrs ago #12

Of course, and I have no problem with a spouse TexasBushwhacker 8 hrs ago #13

Okay, so you've already made an exception for a spouse. What about for children? And, how much? PeaceWave 8 hrs ago #14

Not only that, markodochartaigh 7 hrs ago #29

Let them earn (or steal) as much money as they want but Marie Marie 9 hrs ago #3

I think that's fair. Haggard Celine 9 hrs ago #5

Makes me sick! CountAllVotes 9 hrs ago #4

They think it all should be theirs. Haggard Celine 9 hrs ago #8

Line em up VanceFan 9 hrs ago #7

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

Immigrants Aren't Stealing Your Jobs Mr.Bee 8 hrs ago #17

He said he was going after criminals and Haggard Celine 8 hrs ago #22

And it isn't capitalism Figarosmom 8 hrs ago #20

OP, I notice that you didn't define either "wealthy" or "rich." How do we know who to go after? PeaceWave 8 hrs ago #21

Just like everything else, the government would have to decide Haggard Celine 8 hrs ago #23

Eventually though, these kinds of suggestions must narrow down to a specific number... PeaceWave 8 hrs ago #24

Well, any number is going to be Haggard Celine 7 hrs ago #27

Without actual numbers regarding the taxation of wealth, the discussion collapses into vaguery... PeaceWave 7 hrs ago #28

I don't know all the laws about Haggard Celine 7 hrs ago #31

Found this book at the thriftstore Puppyjive 7 hrs ago #25

Reagan broke the guardrails that prevented this. I don't think live love laugh 7 hrs ago #26

On limiting how much people can accumulate canetoad 7 hrs ago #30

I just want to take a lot of the power Haggard Celine 6 hrs ago #32

Elon Musk canetoad 6 hrs ago #33

Well said! Haggard Celine 6 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 5 hrs ago #36

It all goes back to that. And that goes back to the complete corruption of the Supreme Court under Roberts. Scrivener7 46 min ago #39

I was just thinking this morning that we didn't use to be so dependent on giant privately owned corporations. Scrivener7 48 min ago #38

Well said. Haggard Celine 22 min ago #41

You want them taken down a notch? OldBaldy1701E 28 min ago #40

Yes! AND stop giving them your money! I don't get why people won't do this. Scrivener7 15 min ago #42