Moron Alert: David Haslett

Wow. CNBC gets some a-hole guest, but nobody tops this guy David Haslett, who was on last week. Haslett is the author of a book called “Capitalism with Morality,” and he’s advocating a cap on inheritance. Check out this load of monkey poo!

Here is Haslett’s point. We’re in the middle of the largest wealth transfer in human history as a bunch of stinking rich old people die off and leave hundreds of trillions to their kids. This is bad because being rich causes people to lose their inventive to work hard. So it would be better for those poor dears if we took away some of that inheritance so they don’t have “too much.” Then the government can use that money to make the country more equal!

Yay!! Communism!!

● How Much Is Enough: Like all thieving leftists, Haslett tries very hard to avoid being pinned down on exactly what he is advocating. This became clear once they tried to get him to tell them where he would place the cap. Haslett at first shrugged his shoulders and acted cagey, saying it wasn’t up to him. He then said it would be up to the Congress, though clearly we can’t trust the current Congress. The interesting moment finally came a few discussion points later when he floated the idea, as an aside, that a cap at $100,000 would ensure that everyone still had an incentive to work.

$100,000

Yes, $100,000.

Think about that. Haslett tries to sell his idea by complaining about the evil rich having too much... and then he sets the cap at $100,000. Haslett tells us that his big concern is people losing their incentive to work... and then he sets the cap at $100,000.

At $100,000 you couldn’t even pass on half of the median house. So who gets whacked here? The rich or all those middle class people who want to pass on their homes and their cars and what little money they’ve saved to their kids? This is a “RAPE EVERYONE” plan. This is communism using a meaningless $100,000 figure rather than a $0 figure.

It’s no wonder he tried to avoid answering this question.

● It Won’t Work Anyway: Even if we accept Haslett’s stupid idea, it still won’t work. The rich, i.e. the people who hold 70% of the nation’s assets, will simply transfer them out of the country, where they can pass them under Swiss law or Cayman law. In effect, Haslett will leave this country as barren as a Walmart after a riot. Smart thinking jerk.

As for the assets that can’t be yanked out of the country, those can be put into corporations that do not die and then the corporations can be inherited overseas. And if you want to get your kids some easy cash, just employ them and pay them that way.

In the end, the only people who will pay this tax are middle class people who have no way to avoid it. And in doing so, Haslett will effectively destroy the American middle class and will recreate the 14th Century, where the ultra-rich live a privileged multinational life and everyone else is poor and unable to own property.

That means they have no incentive to earn or save. Their incentive will be to live off the government... a government with no income because all the rich people fled.

This is so typical of liberals. They come up with these broad-brush overly-simple solutions without having the slightest clue how their plan will affect people. This jerkoff claims he wants to reduce inequality, but his plan is not only guaranteed to increase inequality, it will increase it to a level not seen since the age of divine despots. He doesn’t even realize that he can’t reach the people covets with his stupid plan. All he’ll do is drive US wealth overseas.

You’d think they would have learned something from their failure in the Soviet Union, but I guess all they learned was to hide their true goals.