Sunday, August 14, 2005

More on the Estate Tax

I realize I am preaching to the choir when I criticize attempts to repeal the free loader estate "death" tax, but I figure it's worth bringing up every now and then. On Friday, I very ineloquently stated that the estate tax debate is one that Democrats can easily win. Today, the New York Times ran a similar article on how the estate tax is only applicable to a handful of people:
opponents of the estate tax have already achieved a remarkable political feat by building broad public support for abolishing a tax that currently affects only 2 percent of all estates.
But there's more:
And while opponents contend that the estate tax is a "double tax," many of the earnings that are subject to it were never taxed in the first place.
I'm not against true estate tax reform to assist small businesses, but current GOP attempts serve to do nothing more than give handouts to "very wealthy" people, especially since a large portion of the estate has never been taxed (see above). Anti-estate tax proponents have yet to demonstrate a real "small farm" that has been forced into bankruptcy, yet the continue to use this argument--remember the "welfare queen"?

To end the rant, Democrats need to stand strong on this one. The facts are on our side and the American people are desparate for Democrats to start taking more strong and visible stances. (Head on over to Democracy Corps for some insight.)

8 Comments:

At August 15, 2005 12:33 PM, Anonymous Anonymous said...

calling a tax cut (which is a reduction in confiscation) a 'handout' presupposes government ownership of private property.

and just because the tax may affect 2% of the population doesn't lend it any more legitimacy than it would were the figure much higher.

in the end, the estate tax, however trivial you may think, is really just another of myriad coercive confiscations of wealth, proving that American democracy is little more than a tyranny of the masses.

 
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