TENS of TRILLIONS stashed ILLEGALLY in tax havens

[Egalitarian Thug]

8. We also get too wrapped up/distracted by income taxes. Wealth taxes is where the money is

and has always been.

Consider this; Bill Gates III has $66B ($66,000,000,000) almost none of which is taxed at all because it is held in M$ stocks on which he only pays a maximum of 15%, and only then when/if he sells those stocks and realizes the profits. This of course is only the very beginning of the ways in which people like this game the system and pay virtually nothing toward the nation that made it possible for them to become this rich.

So let's say he drops dead this afternoon. If we had a 99.9% tax on all inheritance above $5M, his heirs would still inherit $71,000,000. Does anyone imagine that anyone that inherits $71M is ever going to be anything but rich and will, in their lifetime, make that fortune grow into an even greater fortune?

Is it really OK with a majority of people that a fortune made once becomes perpetual? This is how a ruling class comes to be and to rule.

Another example; Assuming the ridiculously low guesstimate of $250,000,000 and in the same scenario, Rmoney's family would get $7,450,000. Anybody out there think it would be hard to live on only seven and a half million dollars?