The Estate Tax: the Most Unfair of Tax of All

[sandie]

Originally Posted by Sam

One of the simplest lessons I ever learned on economics was from a column in the newspaper many years ago. I think it was by Walter Williams but I'm not sure and I can't quote it word for word but it went something like this.

Government has no money and the only way they can give something to someone is to first take it from someone else.

I've heard him say something to that effect as well. You've come close enough to how he said it.

I've also heard him give the example of someone walking up to you...taking out your wallet, take your money and turn around and give it to someone else.

[Praxeas]

Many "estates" are divided up between several family members. So a large sum may be taxed as a whole, then divided. That's unfair