ASA_Aviator
Well-known member
- Joined
- Nov 7, 2005
- Posts
- 1,136
Pet peeve: calling a high income earner wealthy.
Wealth is the accumulation of savings not how much you earn in a year. A person could earn $500,00 and spend $495,000 and would not be wealthy. In contrast a person could earn $50,00 for their whole career, save, and retire wealthy.
Not that the left wouldn't love the chance to tax ones wealth/savings. Oh wait we do have a estate tax.
Noted, and understood.
There is an estate tax. One that has been largely gutted and reduced. For the average person, that's a good thing. They would lose their parent's farm, etc., but that's not what I'm talking about.