Declare the pennies on your eyes
I'm all for bringing back the federal estate tax. For Congress to have let it lapse -- but for one year only -- is one of the stupidest things it's ever done, and that's saying a lot. What's gotten into their toupees? Gatsby Wyden and his pals on the Senate Finance Committee are squarely to blame for that one.
Throw Grandma from the train on New Year's Eve? Don't laugh, it could happen.
Anyway, even a "soak the rich" guy like me has to step back and gaze in awe at the gentleman from Vermont. If I'm not mistaken, he's proposing a 60%-plus federal estate tax on the few hundred very richest people in the country. Go for it, dude!
| Posted at 11:41 AM | Permalink |
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Comments (4)
I don't know when it happened, I think it was when the Banks got their bailout, but I'm totally for soaking the rich as well.
I used to be a pretty conservative Republican who believed that rich folks are just smarter and work harder and that's why they deserve billions of dollars.
Not so much, anymore.
Go get 'em Bernie!
Posted by Justin | June 25, 2010 1:04 PM
Two ideas:
1. Capital punishment for any elected representative who votes for a tax cut with a sunset provision. It's the worst kind of mischief.
2. A 100% estate tax (with deductions for bequests to charity and to spouses). It would make planning much easier.
Posted by Allan L. | June 25, 2010 2:37 PM
Have to say, letting it laps is the only thing that kept the family farm together when grandpa passed this year. Cliche, but true.
Grandma on the other side that went the year before had to sign everything over to someone else in order to keep that farm in the family.
But I guess that's not important these days when everyone lives in McMansions and buys all there food from a grocery store.
Posted by Annie | June 27, 2010 10:55 AM
How about if everybody pays the same rate? What's wrong with that?
Answer me this: If the estate tax really does "soak the rich" then why are two of the richest people on the planet (Warren Buffet and Bill Gates Sr.) actively campaigning AGAINST its repeal?
Posted by Britt Storkson | June 29, 2010 6:20 AM