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Liberal Billionaires to Call for More Death Taxes

Rodney47 Wrote: Dec 10, 2012 5:40 PM
Maybe, but true equality will never be achieved until the greedy rich start deficating on police cruisers.
justme16 Wrote: Dec 10, 2012 6:31 PM
If all of the MONEY and assets in this country were confiscated and then doled out equally to everyone...with very few exceptions, those who are rich will become rich again, those who are poor, will ultimately become poor again. Why? It is lifestyle decisions and the rich KNOW how to make them the poor make poor lifestyle decisions. Redistribution of money and what it buys to the poor class only CONSUME and when what they are gifted is gone, thsy simply show up for more. That is why the so-called war on poverty has CREATED more poverty, not less

Tomorrow in New York City, prominent liberal billionaires Bill Gates, former Treasury Secretary and co-chairman of Goldman Sachs Robert Rubin, Abigail Disney, Richard Rockerfeller and Vanguard Founder John Bogle will call for a hike in the federal death tax in order to "avert the fiscal cliff austerity bomb." In 2009, President Obama brought back the death tax after President Bush attempted to abolish it.

President Obama's budget keeps the estate tax at its 2009 level, which means the government gets 45 percent of a dead person's estate valued over $3.5 million dollars or $7 million for a...