Quote:
Originally Posted by Enoch Root
Yeah, estate tax is a terrible idea, IMO - it changes the way people save. And you should never discourage savings.
As Slava said, there are already ways it gets taxed, and once it is transferred, there is usually a significant increase in spending, which is far better than taxation.
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However this generation that has 750 billion to pass on accumulated roughly the same amount of federal debt by underpayingbtaxes for years.