Re:Priced out of home ownership – 'It makes me want to throw...
by AnimalMuppet on Tuesday May 28, 2024 @03:54PM
(#40504886)
"Bracket creep".
The middle class is afraid of taxes that are "for the rich" being extended to tax them. And not without some reason - income tax was sold as "only for the rich".
Eh, nah. But, there should be inheritance taxes set at a level which prevents the formation of a "landed gentry". Unfortunately, the issue has been demogogued to the point that middle-class people (who won't have anywhere near the assets to be taxed, as in not by an order of magnitude) treat the idea as anathema.