~~Birdy~~
2010-08-20 17:04:20 UTC
I just don't understand that attitude unless someone is bitter because they have nothing to inherit.
My great-grandparents, from poor families and not higher than a 4th grade education, owned and managed hotels, which allowed them to be able to invest in other properties. They were quite wealthy and before inheritance was taxed, their children and grandchildren rightfully received their share. What's wrong with that?
When you give your child allowance, you don't make them pay tax on it. When you pay for your college kid's (18 or older) apartment rent, you are giving them money to pay the rent, which is not taxed. You can give each of your kids up to $10,000/yr tax free. This all seems fair.
BTW: Most people with money DO give their kids money over the years, sign property over to them, etc. It has helped people start new businesses.
I just don't understand what the difference is. Maybe I just noticed an answer from some extreme individual and not common liberal opinion.