Scott

The way the Democrats should frame this, and it's the truth, is people of my generation who are wealthy are asking your generation to loan us $24 trillion. And we're not gonna pay it back. You're gonna assume the loan. That's what we're asking right now. And that's how the Democrats should be positioning it.

The way the Democrats should frame this, and it's the truth, is people of my generation who are wealthy are asking your generation to loan us $24 trillion. And we're not gonna pay it back. You're gonna assume the loan. That's what we're asking right now. And that's how the Democrats should be positioning it.

The way the Democrats should frame this, and it's the truth, is people of my generation who are wealthy are asking your generation to loan us $24 trillion. And we're not gonna pay it back. You're gonna assume the loan. That's what we're asking right now. And that's how the Democrats should be positioning it.

Now, as it relates to trusts, as someone who has a trust, the trust has gone from, I think it was a maximum of 11 million, then it went to 23 or 24, and now they're talking about raising it to 30, meaning you can shield from all taxation $30 million. But it's even worse than that because the way estates work is if you put money in and it grows,

Now, as it relates to trusts, as someone who has a trust, the trust has gone from, I think it was a maximum of 11 million, then it went to 23 or 24, and now they're talking about raising it to 30, meaning you can shield from all taxation $30 million. But it's even worse than that because the way estates work is if you put money in and it grows,

Now, as it relates to trusts, as someone who has a trust, the trust has gone from, I think it was a maximum of 11 million, then it went to 23 or 24, and now they're talking about raising it to 30, meaning you can shield from all taxation $30 million. But it's even worse than that because the way estates work is if you put money in and it grows,

it grows tax deferred and it grows, you might end up with a trust that ends up being worth a quarter of a billion dollars. But my understanding is as long as it's worth less than 30 when you put the assets into the trust, it can grow and then you can pass it along tax-free. What's the point of all of this?

it grows tax deferred and it grows, you might end up with a trust that ends up being worth a quarter of a billion dollars. But my understanding is as long as it's worth less than 30 when you put the assets into the trust, it can grow and then you can pass it along tax-free. What's the point of all of this?

it grows tax deferred and it grows, you might end up with a trust that ends up being worth a quarter of a billion dollars. But my understanding is as long as it's worth less than 30 when you put the assets into the trust, it can grow and then you can pass it along tax-free. What's the point of all of this?

The point is to have a purpose, have purpose in your life and to have a good life and to be happy and to have reward. And I would argue that most of that is around relationships and potentially finding the right partner and maybe deciding to have a family with that partner. I think that's the whole shooting match.

The point is to have a purpose, have purpose in your life and to have a good life and to be happy and to have reward. And I would argue that most of that is around relationships and potentially finding the right partner and maybe deciding to have a family with that partner. I think that's the whole shooting match.

The point is to have a purpose, have purpose in your life and to have a good life and to be happy and to have reward. And I would argue that most of that is around relationships and potentially finding the right partner and maybe deciding to have a family with that partner. I think that's the whole shooting match.

And money plays a big role in that because middle-income people are happier than lower-income, upper-income people are happier than middle-income. Money does buy happiness. But as Daniel Kahneman, the Israeli-American psychologist, proved, above a certain point, there's no incremental happiness. And I can validate this firsthand.

And money plays a big role in that because middle-income people are happier than lower-income, upper-income people are happier than middle-income. Money does buy happiness. But as Daniel Kahneman, the Israeli-American psychologist, proved, above a certain point, there's no incremental happiness. And I can validate this firsthand.

And money plays a big role in that because middle-income people are happier than lower-income, upper-income people are happier than middle-income. Money does buy happiness. But as Daniel Kahneman, the Israeli-American psychologist, proved, above a certain point, there's no incremental happiness. And I can validate this firsthand.

As someone who has worked really hard and been very lucky and aggregated some wealth, I believe that I have the right to pass on some of that good fortune and wealth to my kids. Okay, fine, but above a certain amount, much less than $30 million, my kids are gonna get no incremental happiness. And so if the whole point is prosperity and happiness and purpose and meaning,

As someone who has worked really hard and been very lucky and aggregated some wealth, I believe that I have the right to pass on some of that good fortune and wealth to my kids. Okay, fine, but above a certain amount, much less than $30 million, my kids are gonna get no incremental happiness. And so if the whole point is prosperity and happiness and purpose and meaning,

As someone who has worked really hard and been very lucky and aggregated some wealth, I believe that I have the right to pass on some of that good fortune and wealth to my kids. Okay, fine, but above a certain amount, much less than $30 million, my kids are gonna get no incremental happiness. And so if the whole point is prosperity and happiness and purpose and meaning,

then there really isn't a reason to increase the cap on the estate tax. You should be lowering it and even increasing the tax rate, which I think now is 40%, because nobody loses.

then there really isn't a reason to increase the cap on the estate tax. You should be lowering it and even increasing the tax rate, which I think now is 40%, because nobody loses.