End Dynasty Welfare. Start the "Dynasty Tax"

[Joanne98]

It is time for the congress to stop giving "dynasty welfare" to the richest Americans.


Conservatives love their word engineering for inheritance taxes, reframing them as "Death Taxes." Frank Luntz isn't the only one who can play the spin game. I say call estate taxes Dynasty Taxes.


Should estate and inheritance taxes be eliminated? The issue will surely be raised again with the new, incoming congress.

It is time to fight back with word engineering that reframes the tax breaks to wealthy inheritors as welfare for the rich and the tax on estates as a "dynasty tax" that makes it a little bit more difficult to build a multi-generational dynasty that gets a massive advantage just for being born.

A "Dynasty tax" is a great way for the nation-- any nation-- to recover assets and resources that were acquired and not re-invested into the community, into the nation that enabled the profits that produced the massive estate.

Already, generous exemptions are given to families inheriting large estates. It is unreasonable to ask the American people to help uber-rich families to consolidate their wealth with "Dynasty welfare."

America is not a land of dynasties. It should never have allowed their formation and it should actively work to prevent them from developing. We do not need a "royal class." If a person amasses great wealth there is no law, no constitutional right that requires the family, the descendants be allowed to keep it. There is no constitutional right to pass on $50 million dollar castles or mansions.

http://www.opednews.com/articles/End-Dynasty-Welfare-Start-by-Rob-Kall-101129-246.html

[raccoon]

1. K&R. nt

[rfranklin]

2. "America's royalty" is how heirs to great fortunes are described...

and it was royalty that was the reason for America in the first place.

Heirs do not "earn" that money. And once you die, it's not "your money" anymore. So STFU!