[KAUAIBOUND]

The super-rich oppose elimination of the estate tax not only for monetary gain, but because their wealth has been placed in foundations. Foundations provide an income tax deduction, and if properly invested, provide a stream of income to the founders and heirs under the guise of managment fees and directors salaries. Also, the big foundations are notorious for donating to left-wing causes. Bill Gates and Ted Turner are two of the super-rich who have created foundations, and we have all heard of the Ford and Rockefeller Foundations.

[Mr. Mojo]

Right on the money.

[UnbelievingScumOnTheOtherSide]

Trusts and Foundations.

That's exactly right and what I've always said. Politics is not "rich" against "poor". It is the oligopoly of super-rich (who write their self-serving loopholes in the law and live apart behind high walls) and the "poor" (and stupid) against the upper middle class (who live in nice homes but close enough to everybody else to be visible and incite envy).

This is how to proceed against the death tax:

Offer the super-rich a choice - elimination of the death tax - or elimination of all loopholes on the 55%, retroactive for the last four generations to be paid by those foundations. Watch the Rockefellers and Kennedys squirm.

The super-rich need to be exposed widely for the hypocrites (racists and manipulators) they are. Note that I don't want to take away anything they have, except their dynastic political power to keep their thumbs on entrepreneurs and people moving up into their spheres of power that are mostly socially conservative.