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You are absolutely correct that it is legally challenging to enforce the estate tax, which is why I am arguing that it should be strengthened as it is important
by ihsw2 9y ago
You are absolutely correct that it is legally challenging to enforce the estate tax, which is why I am arguing that it should be strengthened as it is important to our democracy.
The Rockefeller fortune would have never materialized without the foundation of public laws, public education, and infrastructure that formed the bedrock of American industry in our grandfather's time -- this bedrock continues to support vast fortunes to this day.
- JumpCrisscross 9y ago> I am arguing that it should be strengthened as it is important to our democracy If the goal is reducing inequality, the estate tax is an inefficient battleground. It's politically-expensive territory and policy-wise ineffective compared to e.g. raising the top tax rate or eliminating the carried-interest deduction. (I have come to this conclusion grudgingly, as someone who believes oligarchic dynasties are bad.)