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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: Banksy 🐝 HONORARY
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Number: of 84362 
Subject: Romney Visited By 3 Ghosts?
Date: 12/20/25 9:31 AM
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A GOPer with a fully functioning brain?
I see why Mitt was forced out of politics by the MAGA cult.

Mitt Romney states the obvious:
"We have reached a point where any mix of solutions to our nation’s economic problems is going to involve the wealthiest Americans’ contributing more."

"Today, all of us, including our grandmas, truly are headed for a cliff: If, as projected, the Social Security Trust Fund runs out in the 2034 fiscal year, benefits will be cut by about 23%."

"Consider, for example, the cavern of the capital gains tax treatment at death for those with enormous estates. Let’s look at a hypothetical scenario using Elon Musk as a proxy. If he had originally purchased his Tesla stock with, say, $1 billion and held it until his death, and if it were then worth $500 billion, he would never pay the 24% federal capital gains tax on the $499 billion profit.
Why? Because under the tax code, capital gains are not taxed at death. The tax code provision known as step-up in basis means that when Mr. Musk’s heirs get his stock, they are treated as if they purchased it for $500 billion. So no one pays taxes on the $499 billion capital gain. Ever."

nytimes.com - Romney tax the rich
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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