Why are our leaders and our informers in the media so dumb that they can't grasp this? Is there really a need for more Paris Hiltons and super-wealthy families bankrolling wingnut welfare?Warren E. Buffett urged Congress Wednesday to maintain the estate tax, saying that plans to repeal the tax would benefit a handful of the richest American families and widen income disparity in the United States.
Mr. Buffett, the billionaire chairman of Berkshire Hathaway, told the Senate Finance Committee that advocates of repeal were “dead wrong” to call the tax a “death tax.”
It would be more appropriate to call it a “death present,” Mr. Buffett, 77, said. “A meaningful estate tax is needed to prevent our democracy from becoming a dynastic plutocracy.”
Thursday, November 15, 2007
Dirty Fucking Hippie
Labels:
estate tax,
income inequality
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