Estate's Rites
Conservatives are again trying to bury the estate tax. It
doesn't have to be that way.
By John S. Irons and Robert Gordon
As early as next month, some Democrats seem ready to go along
with most Republicans and implement a permanent repeal to the
estate tax, a change that would reward the wealthy and drag down
the economy by increasing the deficit. But it doesn’t have to be
this way.
The estate tax represents a profoundly American idea: Although
parents should be able to pass on wealth to their children,
great concentrations of personal wealth should not grow
unchecked from generation to generation. As Franklin Delano
Roosevelt put it, “Inherited economic power is as inconsistent
with the ideals of this generation as inherited political power
was inconsistent with the ideals of the generation which
established our government.”
--
It is only those who have neither
fired a shot nor heard the shrieks
and groans of the wounded who cry
aloud for blood, more vengeance, more
desolation. War is hell.
--William Tecumseh Sherman
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Re: Atheists: Americas most distrusted minority ... the estate tax addressed /inherited/ wealth.... What you're saying applies to the kids work in the family business,... we've become much richer and taxes haven't gotten any ... (rec.arts.sf.tv.babylon5.moderated)
Re: OT: The Century Ahead ... Our> generation has been taught, and we're teaching our kids, that> life is all ... > about ourselves, accumulating material wealth ahead of all else, and> getting and staying ahead of others. ... They should be forced to return most of it to> society (this coming ... I would expect the same to occur with a similar estate tax in a not too distant Huxleyan future. ... (comp.sys.hp.mpe)
