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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: willcousa who wrote (42533)	2/22/2001 5:29:35 PM
From: Fred Levine	Read Replies (1) \| Respond to of 70976

Willcousa--The tax deduction of art, usually greatly over-appraised, to museums is the reason. In fact, some 20 years ago, I smuggled abstract art out of the old Soviet Union. A museum wamted to acquire it. The tax payers would be paying for it. So far, there is nothing you have said about either the economic or cultural impact on the inheritance tax that passes scrutiny. If you want the rich to get richer, you have a perfect right to have that priority. But 100% inheritance tax would create museums for the public. fred