Yà can’t take it with ya.
Obama wants to make sure of that.
Elimination of inherited wealth is one of the planks of the Communist Manifesto.
This is bred of hatred and malice towards the ‘haves’, with an ill-conceived incredibly false assumption about helping the ‘have nots’. This is communism at its best, and is just another of Obama’s grand redistribution schemes.
Personally, I have worked hard and not spent money - living perpetually below my means (in general), because I want to make sure my family is taken care of and that my children have a secure future. Why should my family and most specifically my children be penalized because I saved money and didn't spend it on myself?
If I didn't save this money, and instead lived paycheck to paycheck, going on expensive vacations, going golfing at the same places Obama golfs at, buying season tickets to games, paying for people to do everything for me (e.g. cutting grass, painting, basic home repairs, etc. etc.), and had nothing to ‘pass on’, the government would not get the tax money (with the exception of sales tax, but it would be a pittance compared to the ‘death tax’).
Just what I needed to hear to make my day..
Obama knows you can’t take it with you. He wants to make sure you nasty blood- sucking rich people (”rich” - LOL - the threshold is very low) can’t leave it to your spawn.
I’m sure he’ll find a special exemption for his family, though. Maybe the “politically protected” exemption?
If the government took it all, it would still not be enough to satisfy their greedy lame asses.