"So the next time you hear about how fabulous the Walton family's opulent new art museum is, or how much money the Walton family has given to land conservation, remember that all of that charity is part and parcel of a structure designed expressly to hoard billions of dollars within this one single family, and to avoid paying the normal tax rates that have been levied for the purpose of a tiny step towards equality. And also remember that all of the millions and millions of workers who made those billions and billions of dollars possible are trapped in a world of low wages, and are prevented from unionizing and bettering their own situation by the zealous efforts of Wal-Mart."
Sorry. Taxes aren't levied "for the purpose of a tiny step towards equality", taxes are levied so that the people who benefit from society pay to support the infrastructure that benefits them so well. Either way, the Walton's and many others are getting quite a bargain at the expense of the rest of us.
ReplyDeleteActually, redistribution is indeed a primary purpose of estate taxes. They aren't a new thing either. Inheritance and estate taxes have been around a long time.
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