Quote:
Originally Posted by Sheriff Gonna Getcha
I have mixed feelings about the estate tax and this is going to sound cold, but those business owners should have better business sense. Death isn't exactly an unforeseeable event. Someone who owns a closely-held/family-owned business and who wants his or her family to continue the business should buy life insurance naming the successors and/or the business itself as beneficiaries. Life insurance isn't cheap, but it shouldn't force well-run businesses to go under.
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It's not about it being "cold". It's about sensible economics and being able to pass something on to your children. The people who should be paying this tax are people like Buffet and Gates and their ilk. I can see a logic in the idea that Gates should have to give back some of his billions. Especially since his products suck balls. But I digress. These people are the ones who can afford to set up avoidance mechanisms and never seem to pay taxes of any kind. Most government regulation misses its target. The really, really big companies can absorb all these rules and fees and retrofitting all their bathrooms for transgendered whatever. It's their up and coming potential competitors who get nailed. What it is is Liberal Fascism.