The View From 1776
Friday, July 09, 2010
The Estate Tax: A Punitive Socialistic Measure To Redistribute Income
The estate tax, also called inheritance tax, has always been nothing more than a socialistic measure to engineer an egalitarian society in which all of us would be financially equal, but increasingly poor.
Estate taxes are a very small revenue producer for the IRS. Collecting the tax costs almost as much as the revenue raised. Why then are Democrat/Socialists intent upon raising it from zero this year to 55% next year?