son of sam crash

"Gary Drescher" wrote in message
...
"Robert M. Gary" wrote in message
ups.com...
Hopefully he arrange stuff with his attorneys before hand and has his
assests locked up in trusts for his kids. The liberals of the world get
sick when they see someone successful and will want to try to play
Robin Hood.

Uh, right. I'm sure such estate-tax supporters as Warren Buffett, George
Soros, David Rockefeller Jr., and Bill Gates Sr. "get sick when they see
someone successful".

It's astonishing what bizarre stereotypes some people can convince
themselves are true (assuming you even care if what you say is true).

Buffett, in particular, praised "'the critical role' that he said the
estate
tax played in promoting economic growth, by helping create a society in
which success is based on merit rather than inheritance" (NY Times
interview, Feb. 14, 2001). "Mr. Buffett said repealing the estate tax
'would
be a terrible mistake,' the equivalent of 'choosing the 2020 Olympic team
by picking the eldest sons of the gold-medal winners in the 2000
Olympics.'"

--Gary

And why should the country be run according to dear old Warren? Far a I
know he gets one vote same as the rest of us. You shot most of your
credibility by including Soros as supporting evidence

"Dave Stadt" wrote in message
...
And why should the country be run according to dear old Warren? Far a I
know he gets one vote same as the rest of us. You shot most of your
credibility by including Soros as supporting evidence

Sorry, you're not following the structure of the discussion. I didn't cite
Buffett's view or Soros's as "supporting evidence" that the estate tax is
correct. I just cited their views (and the similar views of many other
multi-millionaires, billionaires, and multi-billionaires) to demonstrate the
absurdity of Robert's contention that the liberal estate-tax advocates "get
sick when they see someone successful". If Robert wanted to have a
good-faith, civil discussion of the issue, he would have to go to the
trouble of informing himself about the actual arguments and motivations of
the people he disagrees with, instead of trying to caricature them with
baseless insults.

--Gary

"Dave Stadt" wrote in message
...

"Gary Drescher" wrote in message
...
"Robert M. Gary" wrote in message
ups.com...
Hopefully he arrange stuff with his attorneys before hand and has his
assests locked up in trusts for his kids. The liberals of the world
get
sick when they see someone successful and will want to try to play
Robin Hood.

Uh, right. I'm sure such estate-tax supporters as Warren Buffett, George
Soros, David Rockefeller Jr., and Bill Gates Sr. "get sick when they see
someone successful".

It's astonishing what bizarre stereotypes some people can convince
themselves are true (assuming you even care if what you say is true).

Buffett, in particular, praised "'the critical role' that he said the
estate
tax played in promoting economic growth, by helping create a society in
which success is based on merit rather than inheritance" (NY Times
interview, Feb. 14, 2001). "Mr. Buffett said repealing the estate tax
'would
be a terrible mistake,' the equivalent of 'choosing the 2020 Olympic
team
by picking the eldest sons of the gold-medal winners in the 2000
Olympics.'"

--Gary

And why should the country be run according to dear old Warren? Far a I
know he gets one vote same as the rest of us. You shot most of your
credibility by including Soros as supporting evidence


You can be assured that Buffett, Soros, Gates, and Rockefeller will have
very little estate taxes to pay after years and millions of $$ in tax
planners. None of these will pay even a small fraction of the money they
each reaped from the government over the years.

"Gary Drescher" wrote in message
...

Buffett, in particular, praised "'the critical role' that he said the
estate
tax played in promoting economic growth,

Buffet is a good investor but a hore**** economist.

by helping create a society in
which success is based on merit rather than inheritance"

So replace it with a society of parsites. Yeah, like socialism was so
successful at creating economic growth!


(NY Times
interview, Feb. 14, 2001). "Mr. Buffett said repealing the estate tax
'would
be a terrible mistake,' the equivalent of 'choosing the 2020 Olympic team
by picking the eldest sons of the gold-medal winners in the 2000
Olympics.'"


The same Buffet who praised income tax hikes while paying mostly (90%?) Cap
Gains?

"Matt Barrow" wrote in message
...

"Gary Drescher" wrote in message
...

Buffett, in particular, praised "'the critical role' that he said the
estate
tax played in promoting economic growth,

Buffet is a good investor but a hore**** economist.

My point was not necessarily to endorse his economic views, but rather to
cite him and the other billionaires I mentioned as examples of estate-tax
advocates who obviously do not "get sick when they see someone successful".

by helping create a society in
which success is based on merit rather than inheritance"

So replace it with a society of parsites. Yeah, like socialism was so
successful at creating economic growth!

Hm, so parasitism occurs not when some people are arbitrarily rich by
aristocratic birthright, but rather when a slightly leveler at-birth playing
field makes the process slightly more dependent on an individual's effort
and ability. I'm glad we cleared that up.

--Gary

Robert M. Gary wrote:
The liberals of the world get
sick when they see someone successful and will want to try to play
Robin Hood.


I'm sorry, but this statement is crap. Not everyone defines "success"
the same way (i.e. the accumulation of great wealth), but even if you
accept that definition most people I know would applaud the guy's
success - to the extent that he earned it.

The question I would ask, though, is what have his heirs done (other
than have better luck choosing their family) that would justify calling
them "successful"?

"Rich Lemert" wrote in message
link.net...
Robert M. Gary wrote:
The liberals of the world get
sick when they see someone successful and will want to try to play
Robin Hood.


I'm sorry, but this statement is crap. Not everyone defines "success"
the same way (i.e. the accumulation of great wealth), but even if you
accept that definition most people I know would applaud the guy's
success - to the extent that he earned it.

The question I would ask, though, is what have his heirs done (other
than have better luck choosing their family) that would justify calling
them "successful"?

Turned the $4 billion company into a $14 billion company.

"Rich Lemert" wrote in message
link.net...
Robert M. Gary wrote:
The liberals of the world get
sick when they see someone successful and will want to try to play
Robin Hood.


I'm sorry, but this statement is crap. Not everyone defines "success"
the same way (i.e. the accumulation of great wealth), but even if you
accept that definition most people I know would applaud the guy's
success - to the extent that he earned it.

The question I would ask, though, is what have his heirs done (other
than have better luck choosing their family) that would justify calling
them "successful"?

So to follow your line of thinking every successful business that is started
should be closed when the founder goes west to prevent his/her heirs from
benefiting from dad's success.

"Dave Stadt" wrote in message
om...

"Rich Lemert" wrote in message
The question I would ask, though, is what have his heirs done (other
than have better luck choosing their family) that would justify calling
them "successful"?

So to follow your line of thinking every successful business that is
started
should be closed when the founder goes west to prevent his/her heirs from
benefiting from dad's success.

Not necessarily. It's possible to acknowledge a variety of competing factors
that legitimately bear on ownership and inheritance, and accordingly to
forge a policy that compromises among them--a policy of taxation, for
example, that preserves incentives but still opposes the unlimited
cross-generational accumulation of wealth by some people (an accumulation
that can occur regardless of the heirs' merit) while other people, due to
the circumstances *they* inherit, face almost insurmountable obstacles from
birth (again regardless of their merit). Inheritance (like anything else)
needn't be all or nothing.

--Gary