- Sep 4, 2005
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I would put the inheritance tax in the category of stealing, and one of the most egregious as well
That's one that I've always disagreed with my fellow conservatives on...
I put "getting a large inheritance" in the same bucket as "winning the lottery".
Having a rich relative die isn't a skill, didn't involve any work on the recipients part, so I don't think it should be treated as "earnings"
In fact the founders were split on the matter and it seemed as if it was a lesser of two evils thing in their mind.
Some abhorred the notion of the government levying another tax, however, some, like Jefferson and Paine, had the following to say about it.
"...keeping large estates together has served only to raise the wealth and importance of particular families and individuals, giving them an unequal and undue influence in a republic"
I'd be okay with a high estate tax, to me, it would encourage that wealthy person to spend or donate more while they're alive (thus stimulating the economy), and within 3-4 generations, the Hiltons have to actually work for a living.
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