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What could go wrong?
If you don't change labor's share of the economy, you've changed nothing.
Biden also mentioned getting rid
I can't say I'm a big fan of taxes but I think we can all agree that we will never be free of them. If almost all new wealth is going to the 1% and we are having extreme wealth/income disparities, where is any new taxes supposed to come from? "To whom much is given, much will be required".
Biden says he wants to just get rid of the step up in tax basis for inherited assets"No one has the right to live on inherited wealth" George McGovern 1972
That seems like an inheritance bonus, but maybe there's a reason for it.
Hircus saysThat seems like an inheritance bonus, but maybe there's a reason for it.
For one thing, it's an accounting nightmare.
What could go wrong?