Estate tax repeal vote
We all know that this most unfair of taxes will never be repealed as long as President Obama is still president. Someone posted a discussion recently questioning the need for morality for Objectivists. The estate (death) tax is a case where the argument MUST be made by Objectivists on moral grounds. Yes, I did earn that, and that wealth does not belong to anyone outside my family.
O.A.
The Estate tax is a repugnant theft by our government. Often it destroys family business' and it is often not even on money that came in to the family. It is often simply an appreciation of property value. When property values increase the states get their increasing property taxes along the way, but that is not punitive enough for the Feds. Also the value of businesses have been increased through hard work on the parts of not only the legal owner but the family members that contribute, like family farms. No actual money may have accumulated, but the value of the assets have increased by their improvement. When the government comes in and demands cash the business or family does not have, they must often sell off the assets and dissolve the business, leaving the family survivors out in the cold and without a job. The supporting businesses, suppliers and local economy is also adversely effected.
This could happen to my company just as easily as to a family farm. I have two younger siblings working here and I have made provision for them in my will.
Regards,
O.A.
They already tax every cent you manage to hold on to multiple times. This one last screw job after you die should go. But as you said, this administration would veto it in a heartbeat, even if it made it through congress.