December 18, 2010
Currently there's no Federal Estate Tax. It's a long story, but in this calendar year of 2010 anyone who died, their heirs got a free pass. You know George Steinbrenner's family was jumping up and down!
Where do you stand on the estate tax? I'm totally against it. No matter how you look at it, it's redistribution of wealth. An estate tax is the government taking physical property. Don't believe me? Ask any survivor who's had to sell a business, possessions, a farm or other physical property to PAY the tax. That's the taking of property.
Some will argue that it's totally fair. Well, if it's fair, then EVERYONE should pay an estate tax. Don't you agree? Or, is it better to just tax the wealthy because they represent such a small voting block that it doesn't matter if they're upset?
You do realize this is the motivation of elected officials don't you? How can they get the most by upsetting the LEAST amount of voters. I know this is true because for four years I sat at a table surrounded by several politicians that OPENLY said this. Perhaps you're not aware I was an elected official for two terms of office. I was voted into office as a village councilman in Amberley Village, Ohio in both 2005 and 2007.
Anyone who dies just after the ball drops at Times Square in New York City in just 13 days is going to be subject to the reinstated Death Tax. Ooops, not everybody. You can read the latest about this in today's FoxNews story about the Congressional Battle going on over the Estate Tax.
Are you curious where others stand on the Estate Tax? Go take this quick unscientific survey. I wasn't surprised by the results. I doubt you will be either.
What's your takeaway after seeing the survey results and reading the story about the battle in Congress over this? Can you see why we absolutely must work each day to remove people from office that think like Congressman Anthony Weiner? He's so out of touch with the vast majority of American people, it's unimaginable.
Here's what's happening this weekend - right now as you're sipping your coffee. Congress is working at putting into place a law that a vast majority of people don't want. They don't care what you and I think.
Oh wait, that's right, we're just these DUMB, UNEDUCATED, UNINFORMED IDIOTS that can't do research, and are IGNORANT OF BASIC ECONOMIC principles. We're weak and just not able to discover the TRUTH. The elected officials are these pious acolytes, beacons of understanding, that know what's best for us. Why didn't I see that? Did you miss that too?
Let the comments begin!