Folks:
Before the last election, a friend (white, but married to someone who identifies as “mixed race”) posted the following to Facebook:
The rise of The Donald has brought a lot of racists and haters out into the open, and he’s to squarely to blame. It baffles me that the good and generous people I know can support him. Even in NYC I see these hate crimes happening, and it puts my family and loved ones in danger. His racism, sexism, bullying, vengeful nature, illegal acts, etc. is not leadership for a UNITED States of America; he is tearing us apart. A vote for him is a direct assault on my family.
I tried to figure out whether there were any limits on this “direct assault.” I asked “What about a person who had been promised a lucrative, interesting, and rewarding job within the Trump Administration? What if she shared all of your political beliefs and was going to work to implement them within whatever department Trump was planning to park her? Could she vote for Trump in hopes of actually getting this job and yet not be directly assaulting your family?” The answer was a simple “no”.
Then I posed the following hypothetical: “What about a woman who was born in the U.S. but emigrated to Canada as a child? She was successful in business in Canada, accumulating a fortune of $50 million. All of the money was earned in Canada and she has no connection to the U.S. other than the childhood citizenship, which she never gave up. Upon her death, her children will get only about half of the $50 million because her estate will have to pay U.S. federal death taxes. Hillary wants to raise death taxes; Trump wants to eliminate them on the grounds that the income that led to the savings was already taxed. If this woman votes for Trump in hopes that Congress will agree with him to reduce death tax rates, is she directly assaulting your family?” The answer to that was “yes.” His female-named friends added some more:
Because heaven help those poor kids if they’re unable to make it on just 25M. In my world that’s a high class problem to have. I don’t think I know you Philip and I’m sure you’re a very nice man but I can’t believe you’re trivializing T’s thoughtful post of very valid concerns with dollar signs. Or perhaps your intent was sarcasm…?
Humanity is far more important than money, Philip.
A vote for Trump makes this land, our children, your hypothetical descendants in Canada, and ALL the other human beings on this rock far less safe.
Enough with the hypotheticals, it’s incredibly insulting to T’s original post. The issue that T raised is not hypothetical. It’s real and it’s serious and it should be of concern to everyone. I have a multitude of friends around the world who are of different ethnicities, genders, religions, & orientations and I fear for what could happen to them given the results of tomorrow’s election.
I probed a little more and it turned out that the answer was always the same. Anyone who disagreed with this group of Hillary supporters was “directly assaulting” them and/or their families.
As part of my researching the hypothetical Canadian I discovered that Canada has no death taxes, neither inheritance nor estate (TurboTax), though they do collect capital gains tax on any unrealized capital gains.
I’m wondering if this tips the balance and makes Canada a lower-tax environment for wealthy people than the U.S. (where total tax rates, for those who are working to accumulate assets for their children, are close to 90 percent). A lot of rich people own stock in corporations. Like other OECD countries, Canada has a much lower corporate tax rate than the U.S. (Tax Foundation). Personal income tax rates also seem to be lower (Canada Revenue Agency). Sales taxes are higher in Canada, of course, but a wealthy person who wants to save, invest, and pass down to future generations won’t be buying a lot of Teslas and other toys.
Canadian readers: What am I missing?
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