55% of the wealth in the richest estates (worth more than $ 100 million) has never been, and will never be, subject to any income taxes. Why?
The stepped-up basis tax loophole — the subject of a heated battle in Washington as Congress hammers out details of the $ 3.5T budget plan. pic.twitter.com/3iYWXaEbzX
— Robert Reich (@RBReich) September 10, 2021
“Labor is prior to, and independent of, capital. Capital is only the fruit of #labor, and could never have existed if labor had not first existed. Labor is superior to capital, and deserves much the higher consideration.”
— Abraham Lincoln, 1861https://t.co/t6GdrXJhMZ
— John Nichols (@NicholsUprising) September 6, 2021
We have never seen so much passion as we have in the past 24 hours, both online and in private conversations. The GQP just awoke a monster. They’ve unleashed a coalition of Democrats, independents, and yes, even some Republicans, who will make them regret this moment forever.
— MeidasTouch.com (@MeidasTouch) September 3, 2021