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.
posted by Ben Wattenberg at 6:36 AM
4 Comments:
How is this consistent with your post on nepotism?
It is very consistent. I'm for families helping each other out. VERY rich families should help out everyone.
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.
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."
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