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

To: TimF who wrote (10516)2/1/2006 3:22:45 PM
From: TigerPaw  Read Replies (1) | Respond to of 541875
 
percent of the national income and wealth will shrink as the money is spread among multiple heirs in each generation

That is not the way it generally worked prior to the progressive income tax and inheritance taxes (which are disappearing). The controlling interest and usually the bulk of the wealth has gone to a single heir. The tax policies of the last century are what favored multiple heirs.

TP


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