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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Lane3 who wrote (8074)	12/27/2005 4:05:59 PM
From: TigerPaw	Read Replies (2) \| Respond to of 542750

Look at all the Brits who sell their manor houses But only after about 700 or 800 years. Britain has changed since it's dark ages. You have to have enough "merits" to at least grow what was left you. Only since England instituted it's progressive tax system. Prior to that the dukes and earls could generally trace their wealth back to the original grants of William the Conquerer. That's the way we do it now, just tax the estate independent of the lifestyles or industriousness of the heirs. I agree, that's why I said that it is the aggrigate behavior that should be examined. Any one estate will have it's own peculiarities and exceptions. It is the proposed changes and eliminations of the estate tax that I caution against more than the existing methods. I do think that it is time to look into loopholes such as foundations which provide a privledged position to the heirs of the contributors in perpetuity.