Estate tax

Reader comment on: The Case Against a VAT

Submitted by ben (United States), Feb 26, 2010 15:20

The tax when someone dies is not on his/her death, it is on the things left behind, called an estate. Thus, it is called (rightly) an estate tax. Getting rid of the estate tax would be a boon to the wealthiest, allowing them to pass on generational wealth to their children, concentrating wealth among the few. This has detrimental effects on social mobility, and ultimately our democracy. With the estate tax at its current level, all but the 2% of small businesses are except.

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