Republican word framers like Frank Luntz calls them "death taxes." I call them "Dynasty taxes"-- taxes on inheritances that prevent one ultra wealthy dynastic leader to continue his dynasty with future generations.
Trump and Mitch McConnell put through a bill that cut those taxes substantially. I say that Joe Biden and the Democrats should take all of them back and then some. That's the missing ingredient in the $1.9 trillion dollar relief bill-- paying for it.
The tax should not have any affect on the 99%. It should only affect inheritances and estates valued at over $20 million dollars.
And there should be a covid-19 windfall tax for people like Jeff Bezos, the Walton family and others who have scored huge increases in wealth during the pandemic.
Paying for this huge relief package should be a part of the conversation. Paying for it with money that Trump and McConnell gave to the most wealthy people and corporations is a natural, just solution to make the package even more palatable. Come up with a way so that the entire package is paid for, and then, you could even raise some of the features, like giving $2000 a month to families through the summer, when most Americans whow want to will have been vaccinated.
The world has a billionaire problem. We have a top-down dominator problem that is dangerously out of control. We need to debillionairize the planet. The easiest way to start is with a Dynasty tax. Even some Republicans might be happy to have the relief package paid for. Let's go back to a tax structure similar to the one Dwight Eisenhower instituted.
Rob Kall is an award winning journalist, inventor, software architect,
connector and visionary. His work and his writing have been featured in the New York Times, the Wall Street Journal, CNN, ABC, the HuffingtonPost, Success, Discover and other media.
Check out his platform at RobKall.com
He is the author of The Bottom-up Revolution; Mastering the Emerging World of Connectivity
He's given talks and workshops to Fortune
500 execs and national medical and psychological organizations, and pioneered
first-of-their-kind conferences in Positive Psychology, Brain Science and
Story. He hosts some of the world's smartest, most interesting and powerful
people on his Bottom Up Radio Show,
and founded and publishes one of the top Google- ranked progressive news and
opinion sites, OpEdNews.com
more detailed bio:
Rob Kall has spent his adult life as an awakener and empowerer-- first in the field of biofeedback, inventing products, developing software and a music recording label, MuPsych, within the company he founded in 1978-- Futurehealth, and founding, organizing and running 3 conferences: Winter Brain, on Neurofeedback and consciousness, Optimal Functioning and Positive Psychology (a pioneer in the field of Positive Psychology, first presenting workshops on it in 1985) and Storycon Summit Meeting on the Art Science and Application of Story-- each the first of their kind. Then, when he found the process of raising people's consciousness and empowering them to take more control of their lives one person at a time was too slow, he founded Opednews.com-- which has been the top search result on Google for the terms liberal news and progressive opinion for several years. Rob began his Bottom-up Radio show, broadcast on WNJC 1360 AM to Metro Philly, also available on iTunes, covering the transition of our culture, business and world from predominantly Top-down (hierarchical, centralized, authoritarian, patriarchal, big) to bottom-up (egalitarian, local, interdependent, grassroots, archetypal feminine and small.) Recent long-term projects include a book, Bottom-up-- The Connection Revolution, debillionairizing the planet (more...)