I don't want to get into the 'who's a hostage-taker' discussion here, but what is the estate tax? It's a double tax on death. Economists will tell you that it's really not a tax that soaks the rich, but it's a tax on capital that deprives business investment and therefore job creation.0
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My dad was a bartender. My mom was a cashier, a maid and a stock clerk at K-Mart. They never made it big. They were never rich. And yet they were successful. Because just a few decades removed from hopelessness, they made possible for us all the things that had been impossible for them.0
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