In Opposition to the Estate Tax
It usually is not the case that a taxpayer would think that a tax would be so painful as to compare it to passing a kidney stone; however, it could provide an adequate metaphor for the pain that comes from taxing those who have already contributed something to society. Some argue that the estate tax should be abolished for three reasons:
- The tax taken from the estate tax increases excessive governmental spending, and further entraps our society into paying for programs we do not agree with.
- The argument that the estate tax is fair because it dilutes and spreads wealth, rather than allow wealth from concentrating in the hands of a few individuals is not a valid argument. A person might consider the fact that it might be better concentrate wealth in the hands of a few people rather than give the government more money to spend for society as a whole.
- It is not right for us as a society to tax those who have already advanced our society as whole. A person might want to consider that the estate tax is largely anti-growth because it deters those from creating the future innovations that could advance our society.
See John Tamny, Kidney Stone Horrors Explain Why The Estate Tax Should Be Abolished, Forbes, May 20, 2012.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
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