Rally for the estate tax
There will be a vote in the Senate on Thursday on the Estate Tax. As an excellent editorial in the Inquirer on Monday pointed out, ending the Estate Tax makes no sense. The Estate Tax only taxes a tiny proportion of people in this country. It takes a relatively small proportion of the estates of people until those estates get very large. It is an important source of federal revenue. And, one thing the Inquirer editorial did not point it, it is critical if we want to prevent a hereditary oligarchy—rule by the rich–from arising in the United States. (I know, sometimes it seems we have an oligarchy already. But a hereditary oligarchy would be worse.) Here is the plan, which I just got from Craig Kaufman and Jeff Garis of PA Action: Continue reading