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Andrew Tobias

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

I Have An Amazing Idea!

March 19, 2025March 18, 2025

Let the Trump tax cuts expire on schedule (but only on income above $400,000) and use that revenue to restore all the cuts DOGE has made — except those Congress agrees were wasteful, fraudulent, or abusive.

Also:

> Raise the estate-tax rates above $100 million / $1 billion / $10 billion and tighten the loopholes.  Because once you’re dead, how painful will it really be for you, the deceased, to toss a bigger chunk of your fortune back into the pot as thanks to the country that helped you make it in the first place?  I mean: You’re dead!  Stop complaining!*

> Adequately fund the IRS so the revenue owed by the wealthy and large corporations is, in fact, collected.

> Make the Social Security tweaks I’ve been suggesting for decades.  By the time they kicked in, we might actually not need them to kick in . . . although they would be relatively painless if they did.

Together, those four simple changes would buoy the bond market — i.e., lower interest rates — which would be good for almost everybody and lower the deficit.

 

 


*If you hate the U.S. government so much that you don’t want it to have a nickel of your vast fortune — swell.  Just build a new science lab bearing your name or a new opera house or endow an oceanographic institute or make tuition free at your favorite medical school.  That would lower your estate tax to zero.

 

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