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Joshua Kloppers

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A system of death tax and public schools: Good or Bad?

What is your opinion of a country wide system where there is no private schools and public schools are funded not only by the normal revenues but also by a substantial death tax. (Boarding facilities will be made available for students whose parents are deceased)

The idea is that a lot of people are stuck in poverty and cannot escape it due to a lack of education.

I am not sure if this is a good idea, what are the flaws and why will it not work?

Topics: education tax
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    Jan 9 2013: How substantial a tax? are you suggesting !% for everyone? 10% on estates over 1,000,000 dollars? what? I am not opposed to Estate taxes"Death Taxes" in principle, as I feel that there are similar taxes for capitol gains or windfalls such as lottery winnings ect. However I think that such a tax should instead be reserved to encourage the very large fortunes to be broken into numerous smaller fortunes at the end of a generation, and I would therefore not expect the tax to generate direct revenues. I think that for example if a person is leaving an estate of 1,000,000,000 billion dollars behind them or more that the benefactors of the estate should be taxed 10% on any amount over 100,000,000$ exempting the value of a business a number of homes decided upon by law makers a certain assessed value of personal good like art clothing cars jewelry, say that with all these loop holes the maximum tax free amount that you could inherit was 200,000,000$ Really who can complain about that? It only demands that to avoid taxation on your estate you find 5 people per billion dollars to divide the estate between. The motivation of this tax as I said is not to create revenue, its to encourage investment. The larger a fortune the more conservatively it is invested, by creating several multimillionaires per billion dollar estate you create a number of people looking to invest and increase those millions into billions. There will be huge out cry against this idea as if it is some how communist to suggest that it is better to divide large fortunes(to the persons chosen by the owner of the estate) than to encourage the amassing of hyper fortunes. In any case I think that using an Estate Tax as a planned means of raising revenue for education is a bad idea, the available money would not be reliable, and it would encourage the movement of money out of the country as people aged.
  • Jan 2 2013: Why single out the inheriance tax? Why not just use funds from the treasury as needed, as a percentage of government revenue, without coupling it directly to a specific tax?
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      Jan 2 2013: There is no way such a system can currently be funded with out an additional source of gov. income and by directly connecting that additional income to the system we make it a lot easier to evaluate the system as a whole in a limited hypothesis forming discussion such as this one.

      It just makes things easier here
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    Jan 2 2013: The term "death tax" is such a cruel and divisive word. It really has no place in educated or civilized society.

    It is an estate tax. It is a tax on the assets that remain AFTER death. It is not a tax on the process of dying.

    Most people's estates aren't eligible for federal estate taxes. I think that the exemption is now around 5 or 6 million dollars. State estate taxes vary from state to state. No state has a death tax.
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    Jan 2 2013: very cool if the participation is voluntary. i myself would prefer free private school system and no taxes. not only because i like it more, but because it is more efficient and more ethical.
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    Jan 2 2013: Can you elaborate on the 'death tax' please.
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      Jan 2 2013: I'm talking about a 90% taxation on all assets. As I said substantial