Wednesday, August 27, 2008

Estate Taxes

The underlying rationale for estate taxes goes something like this...

Privilege leads to arrogance.
Arrogance leads to injustice.
Injustice leads to decay.

An unlikely defender of the estate tax is Warren Buffett, who attributes great inherited wealth with membership in "the lucky sperm club".

It strikes me that the presidency of George W. Bush validates arguments made in favor of the estate tax.

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Foot Quotes

"Ignorance more frequently begets confidence than does knowledge"

Charles Darwin