TIP: Click on subject to list as thread! ANSI
echo: barktopus
to: Gary Britt
from: James Adams
date: 2003-12-22 09:23:00
subject: Re: French Pre-Announce Willingness to Forgive Debt

From: James Adams 

> Confiscating 1/3 to 1/2 of a person's already
> TAXED accumulated wealth from the hands of the grieving widow and children
> is OK, just so its not 60%?

A good portion of that wealth has not been taxed.  Unrealized capital gains
are not taxed and realized gains are taxed at a lower rate than income.

> Any estate tax above 0% is immoral in and of itself.


What makes it immoral?

Also, one of the reasons for an estate tax is to prevent a society where
the overwhelming proportion of wealth in a nation is controlled by an ever
smaller percentage of the population.  It goes to what kind of society that
would create.

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