Valuetainment - “You DON'T Have The Right To Inherit” - Liberal Commentator DEMANDS 100% Inheritance Tax

00:00:00.000 it's so funny that people want this are the people that didn't make the right choices

00:00:04.360 tax inheritance at 100 okay so it's the only fair choice says lewis goodell okay i don't know who

00:00:13.260 this guy is he's talking about tax uh and by the way this is not just him talking about it i don't

00:00:18.200 know who this fellow is but uh he's a presenter for lbc co-host of newsagent podcast argues for

00:00:24.180 radical 100 inheritance tax to address wealth inequality stating rob if you want to play the

00:00:29.920 clip go for it what we've got at the moment is an aristocracy of wealth in this country it's also

00:00:36.380 true of the united states as well so what i would do what i would do and i wouldn't be opposed to by

00:00:43.140 the way i wouldn't be opposed to 100 inheritance tax or maybe let's say 99 you know my rule might

00:00:49.880 be that if you can put it in two pee bags then you can hand it over that's fine 99 95 i'm being

00:00:55.640 provocative but you see what i mean i would not be against a far higher rate of inheritance tax than

00:00:59.880 we have at the moment which is 40 above a certain threshold i wouldn't be opposed to putting that

00:01:05.340 to 50 60 70 why because i think the quid pro quo should be twofold one that helps fund public

00:01:12.520 services which actually helps level the playing field in achieving a true meritocracy two it will

00:01:19.720 help us reduce taxes on income because at the end of the day i want to incentivize work i want to

00:01:26.220 incentivize productivity i want to incentivize people to get up off their backsides and do more

00:01:31.880 you don't have a right to inherit what you should have a right to be to work while you're alive and

00:01:39.540 get keep more of your own money that to me is more important way more important than your right to just

00:01:46.320 inherit some money from mommy and daddy that you did nothing to earn so wait so wait so can i can i

00:01:52.220 understand this guy correctly he's saying say you have 20 million dollars and i die and i want to

00:01:56.880 give it to my family kids he thinks your kids should get zero and 100 of it goes to the government

00:02:01.700 i hope this guy never ever gets into by the way he's not alone there's a lot of liberals like him

00:02:07.900 that uh that that believe in this so tom your thoughts on this 100 inheritance task attacks that

00:02:15.020 i think elizabeth warren and others have also spewed this type of nonsense with inheritance 1.00

00:02:20.800 where do you what do you stand with this well i'll start with this guy so it's not fair for one

00:02:26.180 guy to build a company and build a bunch of jobs for people and then his kids to inherit that it's not

00:02:33.660 it's not fair for one but in the uk they celebrate the champions league and only one team wins it's the

00:02:41.320 best team and that's 2.7 out of the 36 teams you see where i'm going benny so on one side of life we

00:02:47.740 celebrate one rising above on the other side of life we're jealous of it which side do you want

00:02:53.320 yeah which side do you want and how do you legit and you say well they worked harder they're the

00:02:58.740 champions league your team didn't play defense your team was lazy your team was poorly led i could say

00:03:03.880 the same thing about citizens and i love this i make this analogy for people and it causes people to

00:03:09.400 kind of back off the argument a little bit except the ones that are just basically envious

00:03:15.600 they're envious and their justification is what i think is a very weak statement that he made

00:03:22.300 was like and it would be more for public services they're printing money and you're not getting public

00:03:28.100 services so you're saying if government gets money from a different source government suddenly is going

00:03:33.720 to be better at providing public services no you're justifying your greed and your envy with oh well

00:03:42.800 public service will be there and everyone will get it that's so untrue and this is that when you have

00:03:49.140 people who didn't do it when you have bureaucrats making laws about businesses that's when businesses 0.78

00:03:55.560 get constrained and overregulated so when you have bureaucrats making laws about about um inheritance

00:04:02.180 you now take you be careful about taking away that incentive to accumulate be careful so tommy right now

00:04:08.880 if top pat i had 20 million dollars and i passed away and i have two kids how much are they how much

00:04:14.540 is tax going on me can i explain this to you yeah go i'm going to tell you this tax thing i had to

00:04:19.340 learn the the hard way so to speak uh we get taxed to oblivion in this country we all know about

00:04:25.140 uh income tax and federal and state and local and people are moving out of new york and california

00:04:30.300 then you have employment tax you have payroll tax you have all you have mortgage tax you have gas you

00:04:35.360 have a car you have your back tax but then here's the deal you pay all these taxes and then you die

00:04:41.280 and there's something called the estate tax the death tax i learned this because every year with

00:04:46.500 welcome funds my other company i would go to this event called the heckerling estate planning

00:04:50.480 conference it's put on by the university of miami and the entire premise of the conference

00:04:54.440 is all the leading estate planning attorneys cpas all the biggest and the biggest the biggest

00:05:01.160 uh tax professionals meet up at this one massive meeting and the whole premise is how do we save

00:05:08.800 our clients our rich wealthy clients taxes when they die they're putting together trust and legacy

00:05:15.140 trust and life insurance and islets and the whole premise is let's save that money when these people die

00:05:21.440 you get taxed to oblivion and even when you die and what you have is what's called an exemption

00:05:26.280 and the republicans always try to raise it i think under george w bush name for trump they made it

00:05:32.600 collectively 20 million i want to say under obama he brought it down to 5 million because the democrats

00:05:37.740 are always looking for more money to basically help pay for things so they'll tax tax tax tax tax

00:05:41.920 republicans all right listen you already paid 100 million dollars of tax your life now you want

00:05:46.360 another 20 million of the death tax so the whole premise is it's taxed to oblivion

00:05:50.880 and even at your death the the tax man is going to say how much so how much adam if i want to give

00:05:56.780 my my i die i have 20 million and i want to give it to my kids how much is the government going to

00:06:00.200 take before they get it well it depends on what the exemption is it depends if you're married like

00:06:03.740 that but right now the current exemption ask what the term don't say it's 40 no no no what's rob

00:06:08.640 the current estate tax exemption i'm going to say when you're married so here's what would happen if

00:06:13.720 you if you're not if you're not married you're single you got 20 million bucks the first 14 million

00:06:19.280 it would be exempt so you're not paying tax on the first 14 but you would pay on the six say

00:06:25.040 whatever a progressive tax the same way they do it 40 on it so 40 on the six million you would pay

00:06:30.660 2.4 million dollars how with 2.4 million so really you're paying 2.4 million on uh 20 million bucks

00:06:37.140 right but if you have a hundred million dollars you wouldn't pay anything on the first 14 then you

00:06:40.900 would pay it on the 86 the 86 would still be taxed at 40 so 40 of 86 you're paying 34 million bucks

00:06:47.740 on the number on money you've already been taxed so you make the money so let's just make a million

00:06:53.840 dollars in a year half of it goes towards taxes you keep the half a million okay then you take that

00:07:00.240 half a million everything you buy you're paying taxes on it you put that half a million dollars

00:07:04.120 say you start saving it over the years later on on the half a million so the argument against it is

00:07:09.360 the fact that you're getting tax on the money you already pay taxes on on the money that you spend

00:07:12.800 that was already taxed why am i paying more taxes in the states i think elizabeth warren and bernie

00:07:18.080 sanders made the argument for 60 65 percent estate taxes period but this goes back to the following

00:07:24.680 why punish the people that made the right choices why punish the people that were disciplined with

00:07:30.860 their finances long term i got a kid over at the house yesterday with this family you know who these

00:07:35.340 guys are soccer uh we've spent time with the family and he starts asking me questions 11 year old

00:07:41.300 kid you know i want to get into the investment field and i'm thinking i'm thinking about starting

00:07:46.320 to invest now and all this other stuff and i'm showing him numbers i said you know warren buffett

00:07:50.200 at 50 years old was worth 50 million dollars and he's worth 200 billion dollars right now what yeah

00:07:56.400 you know how that happened how compound interest he's had his money working for him you know and he

00:08:01.260 kept growing and growing and growing and growing and growing it and then eventually he's where he's at

00:08:04.860 right now but guess what he's still living in the same house he lived in nebraska the 700 000

00:08:10.220 auto house he's still living in the same house he can afford to buy the biggest house in america he

00:08:13.840 didn't he played a very different game not the most exciting life he lived he lived a very different

00:08:19.120 life but the guys were a couple hundred billion dollars but don't punish the person that was

00:08:23.460 disciplined in their 20s 30s 40s 50s 60s so they can pass that down to their kids let them make the

00:08:29.780 decision on what to do it you're going to hear some of these thoughts tom were you going to say

00:08:32.540 something or no no i you you basically hit it as you were covering those points fantastic i'm with you

00:08:38.260 we want to show you the campus especially those of you guys that are going to the vault so if you've

00:08:41.840 already bought a ticket great rob's going to put the link here for you to go register if you bought

00:08:47.040 a ticket you get to bring a guest with you just to see the tour some of you guys are going to be

00:08:51.140 able to get on private jets and actually see what a private jets like and some of you guys are going

00:08:54.820 to see some exotic cars and i'm not just talking about some regular cars i'm talking about some very

00:08:59.420 weird looking cars that cost a couple million dollars that'll be this wednesday if you haven't yet

00:09:05.120 bought your ticket we are literally two weeks away from the vault conference this is when all of a

00:09:10.380 sudden everybody starts buying the tickets and oh my god i gotta get that together i gotta go i gotta

00:09:14.180 go i gotta go which is great but this is causing tickets to sell out as well if you're somebody

00:09:19.320 that hasn't yet purchased your ticket go to the vault conference.com the vault conference.com rob

00:09:25.660 can you put the link below the vault conference.com if we have a qr code for them to go there as well

00:09:30.660 get yourself a ticket generals we'll be able to network with around four five hundred people

00:09:34.620 uh platinums and executives will get a tour by a couple of our associates anybody that's got a

00:09:40.080 founder or ceo ticket i'm going to be giving you a tour of the entire facility excited to see everybody

00:09:45.040 here we're going to have some hors d'oeuvres some food you know it's going to be some you'll see stuff

00:09:48.820 before a lot of other people will see it so again if you're in south florida or surrounding people are

00:09:52.700 traveling from you know uh from other countries here to just come for this but if you haven't yet go to

00:09:57.640 all conference.com get your ticket and go register with the link below add a guest we'll see here in

00:10:03.440 48 hours if you enjoy this video you want to watch more videos like this click here and if you want

00:10:08.480 to watch the entire podcast click here

Valuetainment - August 26, 2025

“You DON'T Have The Right To Inherit” - Liberal Commentator DEMANDS 100% Inheritance Tax

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