Restrict Charitable deductionsReader comment on: A 65% Death Tax? Submitted by benjamin (United States), Jun 24, 2010 16:01 Sounds like a good idea to me, a cool billion should be enough for the great-great-great Grandchildren. Perhaps capping the charitable tax deduction would be a good idea. I also think it unfair to equate the greed of billionaires with the "greed" of politicians. When a politician raises taxes, the money gets redistributed to other Americans in the form of services, not into a politician's personal bank account. Note: Comments are moderated by the editor and are subject to editing. The Future of Capitalism replies: Or it gets redistributed to the politician's friends in the form or earmarks, which are then redistributed to the congressman in the form of campaign contributions, which the congressman spends to get re-elected to his job, which pays him a salary and pension that go into his personal bank account until he can quit and become a Washington lobbyists at a higher salary, working for people who want a piece of the redistribution. Sounds cynical, I know. But it's a good portion of the reality. Not the whole reality, I don't want to overstate it. But a good portion of the reality. Submit a comment on this article Other reader comments on this item
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