Wednesday, May 6, 2015

House Republicans passed a bill last week to permanently abolish inheritance taxes, which as you may know, already exempt the first $5.43 million per person from any tax. The United States long ago decided that we didn't want to create a landed aristocracy like in old Europe, so we created an inheritance tax. It's worked fine for ninety years. But now, at a time when the top tier of banking and investor class has accumulated a staggering amount of wealth and property, there are those who want to ensure that their wealth is preserved in perpetuity.

The meme is just a meme. But there's more truth in it than I'd like to admit. ~ 
Jake Burkhalter