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WASHINGTON -- The House voted Thursday to indefinitely extend a 45 percent inheritance tax on estates larger than $3.5 million, canceling a one-year repeal of the tax set to begin next month.
There is nothing I know of in traditional American values and ideals of meritocracy and equal opportunity that calls for the creation of a permanent, hereditary upper class controlling ever increasing amounts of wealth and power. The estate tax is the ONLY tool we have to defend ourselves against exactly that.
You mean the good old days my Grandpa always talks about had some of the highest tax rates in the country's history!?
Yes he did. Unfortunately many of Grampa's Grandkid's think they are God's gift to the World and selfishly forget they owe a debt as Americans to chip in for the common good.
There is nothing I know of in traditional American values and ideals of meritocracy and equal opportunity that calls for the creation of a permanent, hereditary upper class controlling ever increasing amounts of wealth and power. The estate tax is the ONLY tool we have to defend ourselves against exactly that.
The traditional American value/dream is alway been to be achieve wealth.
Wealth is power to a limit. The true power comes from the people. Two examples in my adult life time are the Civil rights movement and the Viet Nam protests.
And to a smaller event, Gov. Rick Perrys attempt to have mandatory vaccines for high school girls.
We don't need to tax the wealthy to protect the middle class. I believe the Constitution will do it.
The next Battle of the People will be over health care. The people will not forget and will vote come next election time.
If the wealthy were so darn powerful, how did it happen they are taxed at a higher rate?
The wealthy in the USA need to pitch in and sacrifice. This Country hasn't been paying it's bills for a Decade now.
You whiny right wingers who worship the rich will just have to deal with it.
Theft is theft, but this looks more like Grand Theft Auto, Matic, that is!
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