I agree with both your suggested changes to the ET. The definition of wealth is creeping up with inflation, and a million dollars isn't a fortune anymore. Hell, it's just a tract home in an area of inflated real estate prices. Too low a threshold for the ET is just as bad as the failure to index the AMT, and that one's about to blow up big time.
I can't deny that Bill Gates has been a shark in business, but I think his ruthlessness is seriously hyped. My theory is that his Asberger's Syndrome compels him to obsess over his goals and apply his considerable genius to maximum effect; but his goals have always been proportionately narrow: Ensuring that Microsoft wins and keeps on winning. He's never been out to conquer the world. And now he's being gracious in victory--he won like nobody's ever won before, and so he's content to give back the chips to the other players so that the game can go on without him. Capitalism played like a friendly poker game--I can dig it.
Current Events » in reply to re: Agreed
re: Agreed
The whole thread (57 posts)
- Buffet's $$$$ and Gates Foundations MOTIVES?
- I don't get it...
- Who cares about motives? It's their money.
- Should anyone be taxed, ever, then?
- re: Should anyone be taxed, ever, then?
- the estate tax
- Ahhhhh, do the RICH pay TAXES????
- Should anyone be taxed, ever, then?
- I only wish...
- Try Paul Allen..... (n/t)
- Basic facts
- Try some research first
- People start getting nice when the Abyss approaches
