SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : THE SLIGHTLY MODERATED BOXING RING
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Original Mad Dog who wrote (14214)6/5/2002 7:15:43 PM
From: Lazarus_Long  Read Replies (1) of 21057
 
There was a purpose to be served by the estate tax. It was supposed to prevent the perpetuation and continuing buildup of large fortunes across generations which could ultimately result in an oligarchy.

However, so may holes have been drilled in it that it has not worked effectively. If you have the money to hire a battery of lawyers and get trust set up, and particularly if you can buy legislation, you can defeat it.

It can also be argued that the market has done a better job of defeating the perpetuation of large fortunes than the estate tax.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News