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CNN's Fareed Zakaria: Americans should give half of inheritance to government
The Daily Caller ^ | 10/23/2011 | Alex Pappas

Posted on 10/23/2011 9:00:37 AM PDT by martosko

Time magazine columnist and CNN host Fareed Zakaria says Republican presidential candidate Herman Cain’s “9-9-9” tax reform plan is “sloppy and, in parts, bizarre.”

So he offered his own version of a tax reform plan in his weekly column in Time. In it, Zakaria argues that Americans should give the federal government half of what they inherit.

“I would enact a 50 percent inheritance tax, because nothing is more un-American than an inherited elite that perpetuates itself,” Zakaria wrote for the magazine.

(Excerpt) Read more at thedc.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: cnn; deathtax; election2012; fareedzakaria; hermancain; inheritance; zakaria
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Fareed should lead by example. And why wait for the death tax to kick in? Socialism is a fantastic idea until you run out of other people's money and have to start using your own.
1 posted on 10/23/2011 9:00:43 AM PDT by martosko
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To: martosko

CNN and MSNBC hosts should be given every opportunity to show their true color (red).


2 posted on 10/23/2011 9:03:00 AM PDT by yup2394871293
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To: martosko

If I had what I paid into SS, I’d have something for my kids to inherit!!


3 posted on 10/23/2011 9:03:47 AM PDT by Sacajaweau
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To: martosko

This guy:

Shouldn’t be

On American TV

Telling Americans how to do anything

Has no understanding of economics, America and her norms, or of anything but his socialist sick skull.


4 posted on 10/23/2011 9:04:18 AM PDT by Individual Rights in NJ (Infidel Inside)
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To: martosko

This Muslim motherf@cker can have half my inheritance. It’s only copper, lead, brass and a little gunpowder.. this bastard can have it in any combination he wants.


5 posted on 10/23/2011 9:04:49 AM PDT by Gaffer
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To: Gaffer

Ahmen to that brodda.


6 posted on 10/23/2011 9:05:20 AM PDT by Individual Rights in NJ (Infidel Inside)
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To: martosko

Just send this Marxist nutcase to Cuba, one way.
America is not a communist country — let him give his money to the government and help pay for its crimes against REAL Americans.

The radical left wants Marxism — LET THEM PAY FOR IT


7 posted on 10/23/2011 9:05:46 AM PDT by EagleUSA
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To: yup2394871293

that is truly Marxist... so they give half.. then there will be cry for 3/4...after all, they didn’t earn it. and the earning of ones personal income3 is zero sum game in these peoples eyes.. someone else having money, means they have stolen that money from you. Robespierre would be proud of Mr Z.


8 posted on 10/23/2011 9:06:29 AM PDT by Chuzzlewit
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To: Individual Rights in NJ

Fareed is a darling of the left and advisor to Obama. Obama read his book “The Post American World”.


9 posted on 10/23/2011 9:06:44 AM PDT by Soul of the South (When times are tough the tough get going.)
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To: martosko

If there’s one thing that shouldn’t stay in any tax reform, it is exemptions for state and local taxes. Otherwise, the more fiscally responsible and conservative states and populations will be forced to keep subsidizing the higher-tax, spendthrift states and populations.


10 posted on 10/23/2011 9:06:48 AM PDT by 9YearLurker
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To: martosko

That stupid idiot can take a long walk off a short pier. My other opinion would get me banned


11 posted on 10/23/2011 9:07:13 AM PDT by goat granny
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To: martosko

How would someone named Fareed know what’s “American” and what isn’t?


12 posted on 10/23/2011 9:07:13 AM PDT by clintonh8r (Living well is no longer the best revenge. Revenge is now the best revenge.)
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To: martosko
So your income is taxed when earned. If you invest it and have gains, the Federal Government gets 35% of the net sales before you are paid, and then 15% of your share. If you happen to save up enough at death to leave your family the Federal Government get 50% of that.

Only Fareed and his Socialist friends would view death as a taxable event.

13 posted on 10/23/2011 9:07:43 AM PDT by Mikey_1962 (Obama: The Affirmative Action President.)
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To: martosko
“let justice roll down like waters and righteousness like a mighty stream.”

“It’s not enough to talk about what black folks ought to do,” Alexander once said. “We have to also look at what government is not doing to ensure fairness and equal opportunity. God is on the side of the least of these. Jesus said ‘the first shall become the last and the last shall become the first.’”

14 posted on 10/23/2011 9:07:47 AM PDT by normy (Don't take it personally, just take it seriously.)
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To: 9YearLurker

Oh, and same thing for mortgage deductions, too. Higher taxes in some states also ripple through in higher real estate values—and hence mortgage payments. Time to stop subsidizing that, too.


15 posted on 10/23/2011 9:08:27 AM PDT by 9YearLurker
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To: martosko

Farheed has already given half his brain away in advance.

Seriously, how soon until this guy takes Jay Carney’s job?


16 posted on 10/23/2011 9:08:48 AM PDT by arkady_renko (I want to believe.)
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To: martosko
Well, hells bells, why don't we just be forced to leave 100% to the govt. After all, at 50% it still "is un-American than an inherited elite that perpetuates itself"

L Suppose these freaks have ANY idea how far away from the average American they actually are?

No, probably not. They live in this little 'fair' la-la land where everyone has exactly the same things as everyone else. In other words, a socialist/communist utopia that could never exist in reality.

What low-grade imbecilesidiotsmorons! What ultra-maroons!

17 posted on 10/23/2011 9:08:58 AM PDT by HeartlandOfAmerica (Geithner: Taxes on 'Small Business' Must Rise So Government Doesn't 'Shrink')
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To: martosko

Hey Zakaria, write that check you moron, talk is cheap. You came to America for the opportunity and chance to be on CNN and you are right there in that den of commies.


18 posted on 10/23/2011 9:09:08 AM PDT by Warrior Nurse (Cain is the Harriet Tubman of our time leading blacks off the Democratic plantation to freedom)
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To: martosko

Let’s just abolish the federal government and let the States run the show.


19 posted on 10/23/2011 9:10:16 AM PDT by Brilliant
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To: martosko; PJ-Comix; Charles Henrickson

...Americans should give the federal government half of what they inherit.

Pied Piper Pitt: "Excuse Me???"


20 posted on 10/23/2011 9:10:21 AM PDT by COBOL2Java (Obama is the least qualified guy in whatever room he walks into.)
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To: martosko

The essence of Statism expressed.

You don’t own anything, only the State owns property, you simply have the use of it while you live if you purchase it.

It would kill Capitalism in a single generation.

Such nonsense.


21 posted on 10/23/2011 9:10:21 AM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: martosko
... nothing is more un-American than an inherited elite that perpetuates itself,” Zakaria wrote for the magazine.

Nothing is more un-American than having the government steal your stuff to use it to buy votes to perpetuate politicians in power.

22 posted on 10/23/2011 9:11:20 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Soul of the South

“The Post American World”

OH, so he is the one who wrote it! Explains everything.


23 posted on 10/23/2011 9:12:18 AM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: DuncanWaring
Why does some 1st generation Muslim scumbag think he can dictate to me what is or is not American?
24 posted on 10/23/2011 9:12:24 AM PDT by normy (Don't take it personally, just take it seriously.)
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To: martosko

Leftists want tyranny. That is all there is to it.


25 posted on 10/23/2011 9:12:37 AM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: martosko

If they ever enacted that, I’m leaving the country.


26 posted on 10/23/2011 9:12:54 AM PDT by dfwgator
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To: Chuzzlewit

Problem is we already give the government half and we are still alive...Federal, state, county, sales, taxes on utility bills, taxes (called fee’s) for a new license plate and drivers license, gas, food )sales tax( taxes for SS, income, dividends, interest,school, and many more I forgot...


27 posted on 10/23/2011 9:13:20 AM PDT by goat granny
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To: arkady_renko
Farheed has already given half his brain away in advance.

A few more donations of that ratio and he'll be just as smart as the Vice President.

28 posted on 10/23/2011 9:13:39 AM PDT by COBOL2Java (Obama is the least qualified guy in whatever room he walks into.)
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To: martosko
CNN's Fareed Zakaria: Americans should give half of inheritance to government

Why?

I don't mean platitudes of why or insinuations of why. I want to know, what is the actual, concrete reason that Americans should give 50% of their inheritance to the government?

29 posted on 10/23/2011 9:15:00 AM PDT by Steel Wolf ("Few men desire liberty; most men wish only for a just master." - Gaius Sallustius Crispus)
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Do You Really Want To Be Alone In Times Like These?


Click The Pic

Support Your Lifeline

30 posted on 10/23/2011 9:17:42 AM PDT by DJ MacWoW (America! The wolves are here! What will you do?)
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To: martosko
“I would enact a 50 percent inheritance tax, because nothing is more un-American than an inherited elite that perpetuates itself

Substantial inheritances are overwhelmingly in the form of means of production, precisely because the far greater part of the wealth of the bequestors- capitalists- is in the form of means of production. If such inherited wealth remains invested- and it almost always does when it is received in a large amount- its existence is to the benefit of everyone. In order to benefit from its existence, one need not be an heir, one need merely be a buyer of the products it helps to produce and whose supply is increased because of it. One need merely be wage earner, whose labor is in additional demand and whose wages are higher because of it.

31 posted on 10/23/2011 9:18:10 AM PDT by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: martosko
It is truly interesting that someone moves to this country to pursue the dreams and rewards our ancestors established and fought for. Upon arriving immediately criticizes what we do and stand for.

We as the supposed sheep of the academic elite must listen and act. If we hurry we can raise our standards to those enjoyed in Bombay.

32 posted on 10/23/2011 9:19:46 AM PDT by JIM O
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To: martosko
Time magazine columnist and CNN host Fareed Zakaria says Republican presidential candidate Herman Cain’s “9-9-9” tax reform plan is “sloppy and, in parts, bizarre.”

“I would enact a 50 percent inheritance tax, because nothing is more un-American than an inherited elite that perpetuates itself,” Zakaria wrote for the magazine.

Then run for President on that platform you anus and see how far you get.

33 posted on 10/23/2011 9:20:50 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Soul of the South

34 posted on 10/23/2011 9:21:03 AM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: martosko

That would actually be a tax decrease. Isn’t the present tax 55%?


35 posted on 10/23/2011 9:23:20 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: HeartlandOfAmerica

The concept of personal property is meaningless to the ummah.


36 posted on 10/23/2011 9:23:46 AM PDT by seton89 (Starve the Beast)
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To: goat granny

I’m with you, Granny.


37 posted on 10/23/2011 9:24:28 AM PDT by arkady_renko (I want to believe.)
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To: martosko

Another foreigner telling Americans the way things ought to be in America.


38 posted on 10/23/2011 9:24:47 AM PDT by FlingWingFlyer (Stop Government Greed Now!!!!)
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To: martosko

3 points: 1) It is completely “American” and human to want to benefit one’s children with the hard-EARNED wealth one may have accumulated in a productive life; 2) That which we tax, we discourage. Inheritance taxes encourage dissipation of wealth, wasteful living and risking poverty in old age in order to avoid taxation. Is that good policy?; 3) Who in the world can make a good case that government spends tax money better than citizens?


39 posted on 10/23/2011 9:25:58 AM PDT by NCLaw441
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To: martosko

OK Fareed ... I’ll give you half of the Debt I got as an inheritance. Because that’s all I got.

Of! That’s not what you wanted.

Then GO TO HADES.


40 posted on 10/23/2011 9:29:42 AM PDT by SandRat (Duty - Honor - Country! What else needs said?)
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To: normy

Because there’s always some portion of the population who thinks they have a right to tell other people how to live.


41 posted on 10/23/2011 9:32:44 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: DuncanWaring
And another portion who thinks people from 3rd world sh!+ holes have some kind of insight into how Americans should live.

Fareed should go back to the toilet he came from and get to work fixing it first. Then he can instruct us.

42 posted on 10/23/2011 9:35:41 AM PDT by normy (Don't take it personally, just take it seriously.)
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To: martosko
“I would enact a 50 percent inheritance tax, because nothing is more un-American than an inherited elite that perpetuates itself,”...

Tell that to the Kennedys and Kerrys.

43 posted on 10/23/2011 9:38:36 AM PDT by JimRed (Excising a cancer before it kills us waters the Tree of Liberty! TERM LIMITS, NOW AND FOREVER!)
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To: martosko

Why only half, Fareed? Where did you pull that number out of? Why not 3/4 or 7/8? What a moron.


44 posted on 10/23/2011 9:38:44 AM PDT by FlingWingFlyer (Stop Government Greed Now!!!!)
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To: martosko

good grief, we are entering dangerous times.


45 posted on 10/23/2011 9:41:12 AM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: martosko

F him, the ownership of PRIVATE property is not unamerican.

The government seizing it is.


46 posted on 10/23/2011 9:44:02 AM PDT by Williams (Honey Badger Don't Care)
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To: martosko

Just as with the thought that “the rich need to pay more in taxes,” this inheritence plan has the same goals in mind: a shakedown. When the government is spending money, there is no end in mind, only the thought of how to keep feeding the hungry beast. There is no accountability, no responsibility, and not even a thought to whether an arbitrary amount such as 50% will be enough to satisfy greedy folks such as Fahreed. They’ll never say “50% is plenty,” because it won’t be long before someone decides that there’s really no reason to leave ANY inheritence. After all, in a truely democratic and egalitarian society, shouldn’t we ALL start on a level playing field?


47 posted on 10/23/2011 9:44:21 AM PDT by Lou L (The Senate without a fillibuster is just a 100-member version of the House.)
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To: Texas Eagle

Let’s think about what he REALLY means.

IF “perpetuating an inherited elite” is unamerican, then takimg 50% isn’t enough.

A guy inherits $1 billion and he keeps $500 million. He’s still an inherited elite.

So his “logic” really leads to the confiscation of ALL wealth.


48 posted on 10/23/2011 9:47:43 AM PDT by Williams (Honey Badger Don't Care)
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To: martosko
Most of the problems we have today are due to the fact that we are no longer a legacy soceity. In the past, parents were able to save something for their children, which would be passed on when they departed.

Today, when government takes so much up front, there is nothing left for the children. Social Security is not only a Ponzi scheme, it is designed to eliminate personal savings and legacies. If you personally saved what is being "so called" saved for you (15% Social Security & Medicare), you would have a much higher rate of return, and if you died before you used it all, it would go to your heirs. If you die early today, and haven't used all of your Social Security, it goes to the government (100% inheritance tax).

Our current inheritance tax scheme is also designed to destroy legacies. If the head of the family is also a small business owner or family farmer, the heirs end up having to sell the business or the farm just to pay the taxes, even if they were working, side by side, with their parent, in the business or on the farm.

49 posted on 10/23/2011 9:50:02 AM PDT by Conservative_Rob
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To: Lou L

Talk about hyperbole! Nothing is more unAmerican than leaving your wealth to your kids?

Guess he never heard of Nazism, fascism, communism, theft, murder, rape, rigging elections, despotism, socialism...

I can run a damn long list of things that are more unAmerican.


50 posted on 10/23/2011 9:51:32 AM PDT by Williams (Honey Badger Don't Care)
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