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Scroll down the page and a pop up from the "Family Business Coalition" asks to sign up for their mailing list to help repeal the estate tax. The main points th
by dave_sullivan 9y ago
Scroll down the page and a pop up from the "Family Business Coalition" asks to sign up for their mailing list to help repeal the estate tax.
The main points they offer for why are `the estate tax wouldn't raise much money anyway because estate planners have hid the money well` and `it's too hard to enforce`.
Doesn't feel like a very nuanced argument.
- tootie 9y agoWasn't the estate tax repealed last week?
- chimeracoder 9y ago> Wasn't the estate tax repealed last week? No, it wasn't.
- tankenmate 9y agoIt's just a more "educated" version of Bart's favourite saying "I didn't do it, nobody saw me do it, there's no way you can prove anything." [0] And from there they segue into it's too difficult for you to do anything so let's do away it (implying of course that inequality doesn't matter, or matter enough to even take a stance on). Even in its current "broken" practice it stops the worst of inequalities and is revenue positive even if only by a small amount. So the real question to be raised by this letter is, does inequality matter, and if so how much does it matter and more precisely how much does it cost society as a whole. Maybe a yearly wealth tax for all people (natural and legal) of 0.1% would work better? Such a tax in the US would raise between USD40B to USD45B a year. [0] https://www.youtube.com/watch?v=WTbgsoHDc24 https://www.youtube.com/watch?v=WTbgsoHDc24