| The amazing thing about the knee-jerk opposition to estate tax is that the people who have been indoctrinated into that mindset are so thoroughly impervious to facts. Anyone should be able to determine from observation of everyday life that a big part of most people's estates is the value of assets owned which have increased over time - an increase in value that has never been taxed prior to their death. Add in the fact that the tax isn't imposed on the person who amassed the estate, but on the heirs - and then challenge them to tell you who else should pay the extra tax needed to replace the lost revenue from eliminating the estate tax - and all you're going to get is incoherent blather about "commies" and the truly fatuous "double taxation" riff (does that actually make any sense to anyone?) and the like.
Amazing. |