Death and taxes?

Question

Two sureties that has been around for hundreds, perhaps even thousands of years. Don't you think it's high time that we add a third surety? Inflation. Agree or disagree? Why do you disagree?

Answer 1

Yes, I do agree with you for the surety of inflation because it has become part of our daily life for the 30 - 50 years in this country because our country is broken.

Answer 2

Yes.  If we had deflation that would be a sign that we were having a bad economic collapse.  Everything gets passed on to the consumer.  But, our problem is the wages aren't keeping up with inflation.  It's a dual sided sword because if wages go up so won't inflation. Catch-22.

BTW: I don't believe in estate taxes.  Not because it's a tax on death but because the money has already been taxed.

We get taxed on our income.  When we go to the store, we buy products. The manufacturer and retailer and distributor and trucker of the product has included their corporate tax in the price of the product.  Now, you are paying personal income and corporate income taxes.  Then, they have the nerve to tax you again for sales tax.  Now, I'm paying personal income, corporate income, and sales tax.  Then, if I buy something like a car, now I have to pay property tax.

Now, we're up to personal income, corporate income sales tax, property tax.  Then when you die, they have the nerve to tax your estate once more !!! The mafia isn't as bad as the government when it comes to extortion.