If I am reading things correctly, the first $5.3M of inheritance is currently exempt from federal tax today.

I'm not pushing for an inheritance tax increase, but if one were to occur while preserving such an exemption (along with the farm/factory type exemption I suggest above)....well increasing tax on amounts over $5.3M might be palatable....and protect folks like you and your family, cpf.

dstieger wrote:

100k..?? Hell if you own a home you're most likely worth more than that.... 😟

DrafterX wrote:

True.. but are they Republicans... thats who you were calling idiots correct... 😟

DrafterX wrote:

net worth would add the value of the home (along with stuff like savings, 401k, car value etc.) but subtract what is owed.

a quick look showed that the Average American household numbers look way better than the median...690K vs 97K.
I believe these numbers were from 2016.

frankj1 wrote:

Oooooffff that's a disparity and a half.

That's a real interesting couple numbers to include in a post on income inequality. To get that sort of disparity across 350MM people, you have to have some insane top level numbers.

victor809 wrote:

and some pitiful bottom numbers as well.

frankj1 wrote:

Yeah, but literally the difference between the absolute bottom and the median is only 100k. There's really not much wiggle room there at all... and 100k is not a lot of money (says something that 1/2 of our nation's population has less in assets than a nice tesla)

victor809 wrote:

I think this could be an interesting time.
I've seen some hints of it... people selling "eat the rich" t-shirts... the ridiculous demands to have student debt wiped out....

The poor are getting very restless. And the actual rich (not "I'm a republican so I must be wealthy" aspirational rich.... like the literal top 0.5% asset-holders....) are really accumulating wealth.

We may be fortunate enough to see a revolution.

victor809 wrote: