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To: muawiyah
Guess these wealthy Democrats can't stand new competition so they'll use the power of the state to tax to destroy those right behind them.

That has ALWAYS been the case since estate taxes were introduced.

187 posted on 05/09/2008 8:45:02 AM PDT by Centurion2000 (Party ahead of principles; eventually you'll be selling out anything to anyone for the right price.)
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To: Centurion2000
Alas, estate taxes are a drop in the bucket compared to what the income tax can do.

BTW, I'm very much in favor of abolishing the estate taxes, severely limiting trusts that survive beyond the death of the founder, etc.

Instead I propose that for those with "immense wealth" ~ say $1 billion or more, that upon death their estates be distributed among their 500 closest blood relatives.

Modern DNA tests should make this quite feasible to determine.

190 posted on 05/09/2008 9:54:32 AM PDT by muawiyah
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