Thursday, August 03, 2006

The Estate Tax

Some conservatives want to repeal the estate tax --- the so-called "death tax." Not me. The ceiling ought to be lifted (to a dollar more than I'm worth) But then it ought to kick in. The intergenerational transfer of wealth can create wastrels --- although many heirs do work hard.

4 Comments:

Anonymous Anonymous said...

How is this consistent with your post on nepotism?

August 03, 2006  
Blogger Ben Wattenberg said...

It is very consistent. I'm for families helping each other out. VERY rich families should help out everyone.

August 03, 2006  
Anonymous Anonymous said...

If intergenerational transfers create "wastrels" that's probably better than an estate tax. Then, economic entrepreneurs can entice these "wastrels" to spend their inheritance and profit from it, without the overhead of government involvement.

August 04, 2006  
Anonymous L-House said...

I dunno Ben. That sounds like a distinction without much of a difference. What's the line between "families" and "VERY rich families"? Because in practice, it tends to come down to "a dollar more than I'm worth."

August 04, 2006  

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