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One of our esteemed posters here in the tug just hit a huge windfall

sarktastic
sarktastic Member Posts: 9,208
And remember creepy the boat show is going on through the weekend and the RV show starts this weekend too

https://www.zerohedge.com/news/2019-01-31/bernie-sanders-proposes-77-estate-tax-billionaires
«134

Comments

  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,469 Founders Club
    These fucking idiots. This tax will almost never be paid vis-a-vis trust and charitable giving.

    All to kill chincentives for production.


    We?re so fucked.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,964 Founders Club
    I watched the movie Secretariat and Penny almost had to sell the farm or the horse to come up with the 6 million dollar inheritance tax after her dad died. Innovation saved the day. She invented the syndication of breeding rights to raise the cash. This is the rate that H Husky wants to go back to so the kids can lose it all because they are "rich"
  • allpurpleallgold
    allpurpleallgold Member Posts: 8,771
    So, I guess having to earn everything you get doesn’t apply to rich white kids.
  • SFGbob
    SFGbob Member Posts: 33,183

    So, I guess having to earn everything you get doesn’t apply to rich white kids.

    Yes, there are no black or Asian kids who inherit money from their families. What a stupid thing to say.
  • sarktastic
    sarktastic Member Posts: 9,208

    So, I guess having to earn everything you get doesn’t apply to rich white kids.

    You're better than this. Much better.
  • MikeDamone
    MikeDamone Member Posts: 37,781

    So, I guess having to earn everything you get doesn’t apply to rich white kids.

    Funny how you don’t think black people are capable of being wealthy. Just like Bernie, you prefer the don’t run off the government plantation.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,964 Founders Club
    Penny earned and was a pioneer of women's rights busting into a male dominated industry and beating them all. It almost didn't happen thanks to a punishing inheritance tax

    And Diane Lane is smoking hot
  • allpurpleallgold
    allpurpleallgold Member Posts: 8,771
    We can agree on Diane Lane.
  • HHusky
    HHusky Member Posts: 23,905

    I watched the movie Secretariat and Penny almost had to sell the farm or the horse to come up with the 6 million dollar inheritance tax after her dad died. Innovation saved the day. She invented the syndication of breeding rights to raise the cash. This is the rate that H Husky wants to go back to so the kids can lose it all because they are "rich"

    So the estate tax is bad ‘cuz Race saw a movie. This is how you get a mediocre businessman/B list celebrity President.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,964 Founders Club
    HHusky said:

    I watched the movie Secretariat and Penny almost had to sell the farm or the horse to come up with the 6 million dollar inheritance tax after her dad died. Innovation saved the day. She invented the syndication of breeding rights to raise the cash. This is the rate that H Husky wants to go back to so the kids can lose it all because they are "rich"

    So the estate tax is bad ‘cuz Race saw a movie. This is how you get a mediocre businessman/B list celebrity President.
    Hondo level post IMO
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,964 Founders Club
    H thinks 77% on cash poor relatives was a great idea.



  • allpurpleallgold
    allpurpleallgold Member Posts: 8,771
    HHusky said:

    I watched the movie Secretariat and Penny almost had to sell the farm or the horse to come up with the 6 million dollar inheritance tax after her dad died. Innovation saved the day. She invented the syndication of breeding rights to raise the cash. This is the rate that H Husky wants to go back to so the kids can lose it all because they are "rich"

    So the estate tax is bad ‘cuz Race saw a movie. This is how you get a mediocre businessman/B list celebrity President.
    https://m.youtube.com/watch?v=r3hFGHb7nX4

    This shows Trumpliterally repeating shit about immigration that he saw in a movie.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,964 Founders Club
    So you're saying I got a chance
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,964 Founders Club
    Note that I did prove the movie was accurate

    Penny was a house wife stuck with a bill for 77% of land value

    Not cash
  • 2001400ex
    2001400ex Member Posts: 29,457

    Note that I did prove the movie was accurate

    Penny was a house wife stuck with a bill for 77% of land value

    Not cash

    Are those laws in effect now? Will America ever pass a law that high again?

    And more importantly will race ever be wealthy enough to even worry about the estate tax?

    We all know the answers to those questions. Except Race. And gay Bob.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,964 Founders Club
    2001400ex said:

    Note that I did prove the movie was accurate

    Penny was a house wife stuck with a bill for 77% of land value

    Not cash

    Are those laws in effect now? Will America ever pass a law that high again?

    And more importantly will race ever be wealthy enough to even worry about the estate tax?

    We all know the answers to those questions. Except Race. And gay Bob.
    Can you follow a thread or read for comprehension?

    Ask H he's all in and not just for billionaires
  • 2001400ex
    2001400ex Member Posts: 29,457

    2001400ex said:

    Note that I did prove the movie was accurate

    Penny was a house wife stuck with a bill for 77% of land value

    Not cash

    Are those laws in effect now? Will America ever pass a law that high again?

    And more importantly will race ever be wealthy enough to even worry about the estate tax?

    We all know the answers to those questions. Except Race. And gay Bob.
    Can you follow a thread or read for comprehension?

    Ask H he's all in and not just for billionaires
    So you don't want to address the questions. Got it.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,964 Founders Club
    I'm all over this thread addressing and proving my point

    This is why you can't have chins
  • allpurpleallgold
    allpurpleallgold Member Posts: 8,771

    So, I guess having to earn everything you get doesn’t apply to rich white kids.

    You're better than this. Much better.
    I play to the level of the competition. I’ve never heard a better explanation for why it’s different. Why when it’s poor people they have to earn it but when it’s rich people, fuck earning it.

    If you can’t give me a good explanation, what am I supposed to think?
  • SFGbob
    SFGbob Member Posts: 33,183
    edited January 2019

    So, I guess having to earn everything you get doesn’t apply to rich white kids.

    You're better than this. Much better.
    I play to the level of the competition. I’ve never heard a better explanation for why it’s different. Why when it’s poor people they have to earn it but when it’s rich people, fuck earning it.

    If you can’t give me a good explanation, what am I supposed to think?
    So that money was never earn? If I earn money and it's taxed at the time I earn it why shouldn't I be able to give the fruits of my labor to my kids? How many bites at the apple does the government get? And why do you believe that black people don't do this for their kids?
  • 2001400ex
    2001400ex Member Posts: 29,457
    SFGbob said:

    So, I guess having to earn everything you get doesn’t apply to rich white kids.

    You're better than this. Much better.
    I play to the level of the competition. I’ve never heard a better explanation for why it’s different. Why when it’s poor people they have to earn it but when it’s rich people, fuck earning it.

    If you can’t give me a good explanation, what am I supposed to think?
    So that money was never earn? If I earn money and it's taxed at the time I earn it why shouldn't I be able to give the fruits of my labor to my kids? How many bites at the apple does the government get? And why do you believe that black people don't do this for their kids?
    Who is saying you can't give the fruits of your labor to your kids? I'm sure you have a lot of fruits given you have to borrow money from your 401k just to buy a house at 100%.
  • SFGbob
    SFGbob Member Posts: 33,183
    2001400ex said:

    SFGbob said:

    So, I guess having to earn everything you get doesn’t apply to rich white kids.

    You're better than this. Much better.
    I play to the level of the competition. I’ve never heard a better explanation for why it’s different. Why when it’s poor people they have to earn it but when it’s rich people, fuck earning it.

    If you can’t give me a good explanation, what am I supposed to think?
    So that money was never earn? If I earn money and it's taxed at the time I earn it why shouldn't I be able to give the fruits of my labor to my kids? How many bites at the apple does the government get? And why do you believe that black people don't do this for their kids?
    Who is saying you can't give the fruits of your labor to your kids? I'm sure you have a lot of fruits given you have to borrow money from your 401k just to buy a house at 100%.
    Good thing you don't believe in changing the topic Hondo and as usual your reading comprehension sucks. Yeah that whole borrowing from the 401K, something you claimed banks don't allow, worked out awful for me. My house is now worth about $400K more than I paid for it, 401K loan is long paid off, all the interest on that loan was paid to myself, and I now have less than 15 years on mortgage that less than 3%. Worst financial move I ever made.

    Much better to be stuck in the Social Security Ponzi scheme
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,964 Founders Club
    SFGbob said:

    2001400ex said:

    SFGbob said:

    So, I guess having to earn everything you get doesn’t apply to rich white kids.

    You're better than this. Much better.
    I play to the level of the competition. I’ve never heard a better explanation for why it’s different. Why when it’s poor people they have to earn it but when it’s rich people, fuck earning it.

    If you can’t give me a good explanation, what am I supposed to think?
    So that money was never earn? If I earn money and it's taxed at the time I earn it why shouldn't I be able to give the fruits of my labor to my kids? How many bites at the apple does the government get? And why do you believe that black people don't do this for their kids?
    Who is saying you can't give the fruits of your labor to your kids? I'm sure you have a lot of fruits given you have to borrow money from your 401k just to buy a house at 100%.
    Good thing you don't believe in changing the topic Hondo and as usual your reading comprehension sucks. Yeah that whole borrowing from the 401K, something you claimed banks don't allow, worked out awful for me. My house is now worth about $400K more than I paid for it, 401K loan is long paid off, all the interest on that loan was paid to myself, and I now have less than 15 years on mortgage that less than 3%. Worst financial move I ever made.

    Much better to be stuck in the Social Security Ponzi scheme
    Pretty sure only white people can do that
  • SFGbob
    SFGbob Member Posts: 33,183

    SFGbob said:

    2001400ex said:

    SFGbob said:

    So, I guess having to earn everything you get doesn’t apply to rich white kids.

    You're better than this. Much better.
    I play to the level of the competition. I’ve never heard a better explanation for why it’s different. Why when it’s poor people they have to earn it but when it’s rich people, fuck earning it.

    If you can’t give me a good explanation, what am I supposed to think?
    So that money was never earn? If I earn money and it's taxed at the time I earn it why shouldn't I be able to give the fruits of my labor to my kids? How many bites at the apple does the government get? And why do you believe that black people don't do this for their kids?
    Who is saying you can't give the fruits of your labor to your kids? I'm sure you have a lot of fruits given you have to borrow money from your 401k just to buy a house at 100%.
    Good thing you don't believe in changing the topic Hondo and as usual your reading comprehension sucks. Yeah that whole borrowing from the 401K, something you claimed banks don't allow, worked out awful for me. My house is now worth about $400K more than I paid for it, 401K loan is long paid off, all the interest on that loan was paid to myself, and I now have less than 15 years on mortgage that less than 3%. Worst financial move I ever made.

    Much better to be stuck in the Social Security Ponzi scheme
    Pretty sure only white people can do that
    All part of that white privilege I have.
  • allpurpleallgold
    allpurpleallgold Member Posts: 8,771
    SFGbob said:

    So, I guess having to earn everything you get doesn’t apply to rich white kids.

    You're better than this. Much better.
    I play to the level of the competition. I’ve never heard a better explanation for why it’s different. Why when it’s poor people they have to earn it but when it’s rich people, fuck earning it.

    If you can’t give me a good explanation, what am I supposed to think?
    So that money was never earn? If I earn money and it's taxed at the time I earn it why shouldn't I be able to give the fruits of my labor to my kids? How many bites at the apple does the government get? And why do you believe that black people don't do this for their kids?
    Why would you want to give it to your kids? Do you not thinking earning your way is important? Do you think things should be handed to people? Isn’t people getting free shit really bad? Why would you subject your children to that? If earning it is so important, why doesn’t that apply to your kids?
  • 2001400ex
    2001400ex Member Posts: 29,457

    SFGbob said:

    So, I guess having to earn everything you get doesn’t apply to rich white kids.

    You're better than this. Much better.
    I play to the level of the competition. I’ve never heard a better explanation for why it’s different. Why when it’s poor people they have to earn it but when it’s rich people, fuck earning it.

    If you can’t give me a good explanation, what am I supposed to think?
    So that money was never earn? If I earn money and it's taxed at the time I earn it why shouldn't I be able to give the fruits of my labor to my kids? How many bites at the apple does the government get? And why do you believe that black people don't do this for their kids?
    Why would you want to give it to your kids? Do you not thinking earning your way is important? Do you think things should be handed to people? Isn’t people getting free shit really bad? Why would you subject your children to that? If earning it is so important, why doesn’t that apply to your kids?
    I don't think Bob saw that coming.
  • SFGbob
    SFGbob Member Posts: 33,183

    SFGbob said:

    So, I guess having to earn everything you get doesn’t apply to rich white kids.

    You're better than this. Much better.
    I play to the level of the competition. I’ve never heard a better explanation for why it’s different. Why when it’s poor people they have to earn it but when it’s rich people, fuck earning it.

    If you can’t give me a good explanation, what am I supposed to think?
    So that money was never earn? If I earn money and it's taxed at the time I earn it why shouldn't I be able to give the fruits of my labor to my kids? How many bites at the apple does the government get? And why do you believe that black people don't do this for their kids?
    Why would you want to give it to your kids? Do you not thinking earning your way is important? Do you think things should be handed to people? Isn’t people getting free shit really bad? Why would you subject your children to that? If earning it is so important, why doesn’t that apply to your kids?
    I do think earning is important and none of the "free" shit my kids are going to get from me is going to come at the expense of anyone else's labor. My giving my kids an inheritance, doesn't cost you a fucking dime. Why do you care what I do with my money?
  • SFGbob
    SFGbob Member Posts: 33,183
    edited January 2019
    2001400ex said:

    SFGbob said:

    So, I guess having to earn everything you get doesn’t apply to rich white kids.

    You're better than this. Much better.
    I play to the level of the competition. I’ve never heard a better explanation for why it’s different. Why when it’s poor people they have to earn it but when it’s rich people, fuck earning it.

    If you can’t give me a good explanation, what am I supposed to think?
    So that money was never earn? If I earn money and it's taxed at the time I earn it why shouldn't I be able to give the fruits of my labor to my kids? How many bites at the apple does the government get? And why do you believe that black people don't do this for their kids?
    Why would you want to give it to your kids? Do you not thinking earning your way is important? Do you think things should be handed to people? Isn’t people getting free shit really bad? Why would you subject your children to that? If earning it is so important, why doesn’t that apply to your kids?
    I don't think Bob saw that coming.
    That's because you're a fucking moron who didn't even know that Social Security existed in the 1950s. I'm always about 5 steps ahead of you dipshits Hondo, more like 10 with you.
  • 2001400ex
    2001400ex Member Posts: 29,457
    SFGbob said:

    2001400ex said:

    SFGbob said:

    So, I guess having to earn everything you get doesn’t apply to rich white kids.

    You're better than this. Much better.
    I play to the level of the competition. I’ve never heard a better explanation for why it’s different. Why when it’s poor people they have to earn it but when it’s rich people, fuck earning it.

    If you can’t give me a good explanation, what am I supposed to think?
    So that money was never earn? If I earn money and it's taxed at the time I earn it why shouldn't I be able to give the fruits of my labor to my kids? How many bites at the apple does the government get? And why do you believe that black people don't do this for their kids?
    Why would you want to give it to your kids? Do you not thinking earning your way is important? Do you think things should be handed to people? Isn’t people getting free shit really bad? Why would you subject your children to that? If earning it is so important, why doesn’t that apply to your kids?
    I don't think Bob saw that coming.
    That's because you're a fucking moron who didn't even know that Social Security existed in the 1950s. I'm always about 5 steps ahead of you dipshits Hondo, more like 10 with you.
    See?
  • HHusky
    HHusky Member Posts: 23,905

    H thinks 77% on cash poor relatives was a great idea.



    H thinks large fortunes being subject to estate taxes is good for multiple reasons. If you have a large fortune you also have access to good planning help.

    I’m sorry the horse farm had been losing money for years and was cash poor. I guess even the land rich have their crosses to bear.