Regarding Inheritance tax

Full story: Lake County Record-Bee

What right can Mr.Freidman claim that allows the confiscation of 55 percent of my fully-taxed savings and property? No such right to a portion of my labor exists.
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1 - 2 of 2 Comments Last updated Nov 12, 2010
Cisco

Dubuque, IA

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#1
Nov 12, 2010
 
first of all the inheritance tax is supposed to be restricted to estates over 2 million, hopefully with further protection for small farmers the paper value of whose estates can be artificially higher due to land values and machinery and which would result in the breakup of small family farms if not exempted. The idea that Marx and others had was that estates over a certain value, those of the super rich were not the result of the hard work of the decedent but were rather to a great degree the product of the exploitation of others, ie the working class.
Watching

Clearlake Oaks, CA

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#2
Nov 12, 2010
 
Cisco wrote:
first of all the inheritance tax is supposed to be restricted to estates over 2 million, hopefully with further protection for small farmers the paper value of whose estates can be artificially higher due to land values and machinery and which would result in the breakup of small family farms if not exempted. The idea that Marx and others had was that estates over a certain value, those of the super rich were not the result of the hard work of the decedent but were rather to a great degree the product of the exploitation of others, ie the working class.
Of course, many of the families that have large (farm) estates, have them due to dedication and hard work.
We should never penalize dedication and hard work.

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