A Quote by Arthur Nersesian
If I want to build wealth to transfer to the next generation, I can let it grow on a tax-free basis.
Related Quotes
The Senate needs to leave enough money in the proposed budget to not only reduce all marginal rates, but to eliminate the death tax, so that people who build up assets are able to transfer them from one generation to the next, regardless of a person's race.
When I became finance minister in 1991, I discovered that the wealth tax rates income - there was taxation on wealth. It was so atrocious and so high that actually nobody could accumulate money in an honest way. I removed that tax, and the result was that Indian companies for the first time acquired an incentive to grow big, to grow rich.
We need a wealth tax that on a one-time basis is going to take back at least some small fraction of the great windfall that the upper 1 percent, or 5 percent and pay down the government debt, pay back the federal debt because we can't put this on the next generation or they're going to be buried paying taxes.
In 1848, Karl Marx said, a progressive income tax is needed to transfer wealth and power to the state. Thus, Marx's Communist Manifesto had as its major economic tenet a progressive income tax. ... I say it is time to replace the progressive income tax with a national retail sales tax, and it is time to abolish the IRS.
The next great transfer of wealth WILL take place, not by conspiracy but by ignorance.
Mr. Speaker, in 1848, Karl Marx said, a progressive income tax is needed to transfer wealth and power to the state. Thus, Marx's Communist Manifesto had as its major economic tenet a progressive income tax. Think about it, 1848 Karl Marx, Communism.... I say it is time to replace the progressive income tax with a national retail sales tax, and it is time to abolish the IRS, my colleagues. I yield back all the rules, regulations, fear, and intimidation of our current system.
You know, I started doing movies. I mean, my mind was brought into saying, 'You know what? I want to build a generation of wealth.'
You know, I started doing movies. I mean, my mind was brought into saying, you know what? I want to build a generation of wealth.
We are looking for a Wealth Tax that will bring in sufficient revenue to justify having a wealth tax.
I want broadband to grow, more mobile devices available, particularly in underprivileged communities. I want STEM education to go ahead and fund the next generation of engineers.
One way to have broader access to wealth is to reduce the tax on the large group and increase the tax on the very top so concentration of wealth doesn't get to extreme levels.
The reason I love my job as education secretary is that it's all about the future. Everything I and my department do is about investing in the next generation, helping them to build on our generation's success, learn from our mistakes and giving them the tools to build a more successful and prosperous country.
Perhaps a good resolution for the new year would be to keep asking what world we want to pass on to the next generation. Indeed to ask whether we have a real and vivid sense of that next generation.
I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.
Copies have been dethroned; the economic model built on them is collapsing. In a regime of superabundant free copies, copies are no longer the basis of wealth. Now relationships, links, connections, and sharing are. Value has shifted away from a copy toward the many ways to recall, annotate, personalize, edit, authenticate, display, mark, transfer, and engage a work. Art is a conversation, not a patent office. The citation of sources belongs to the realms of journalism and scholarship, not art. Reality can’t be copyrighted.
I intend to protect a free and open internet, extend its reach to every classroom, and every community, and help folks build the fastest networks, so that the next generation of digital innovators and entrepreneurs have the platform to keep reshaping our world.
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