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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (700938)	9/9/2005 1:34:29 PM
From: HPilot	Read Replies (2) \| Respond to of 769670

Regardless of the economics, most estate tax is very high, or at least it was. The government often took as much as 2/3's. Often that meant selling the family farm instead of farming it. Very unfair to family's who had passed that farm down several generations. It's not much fairer for them to take that much in stock and bonds either.

To: DuckTapeSunroof who wrote (700938)	9/9/2005 9:19:44 PM
From: Peter Dierks	Read Replies (3) \| Respond to of 769670

"Every economist I've ever heard of ascribes a higher velocity to the money left in people's hands because it's untaxed by income or sales taxes... then to that untaxed by estate taxes." Again you avoid the issue. Do these economists ascribe a higher velocity of money once it has been impounded by government or left in the hands of taxpayers? We both know the answer; the money left in the hands of people has a higher velocity, thus benefits the economy more. The immoral death tax must be abolished.