[Jimmy Valentine]

"Inheritance taxes force the sale of small businesses or farms. No. Any such entity surely has borrowing power in excess of the amounts required to meet the taxman's demands, and can therefore raise any needed cash."

False argument. Sure you "can raise the cash" through loans, but the business/farm/enterprise has to generate the money (net POST TAX income) to pay the loans back, which is not always possible.

This is some economist!

Regards,

[MarkL]

This is some economist!

A long time ago, somebody far smarter tham me said, "you can take all the economists, and all the weathermen, and have them switch jobs, and nobody would notice."

Also, remember that nit-wit at MIT, Whats-his-name, the guy who hates America, is an economist, as is Paul Krugman!

Mark