I know why republicans fight this. This is the very sort of relation ship described in the slogan, "You scratch my back and I will scratch yours".
But does this really mean that much? We talk about percentages and size of the estate but left out is the fact that the rich have longer life spans and this tax only come into play when some very rich person dies, even then assuming a spouse does not have survivor ship over the estate in which case we still have to wait for a second death. In any given wealthy family that my be only once every 70-100 years with massive new wealth being created in that span of time.
To what extent does Congress work to protect people with "estates" of perhaps $100 thousand including a mortgaged home? Well the time of TARP we found out they were totally uninterested in offering the "estates" of the vast majority of Americans anything at all. But the huge bail outs shored up the estates of the very rich.
With so much legislative power at the beck and call of the wealthy is there any reason they should not be asked to at least pay back for all the special privileges they demand and get from Washington...special considerations never given to the 98% of us who's labor actually make their wealth possible in the first place.
This is a "once a generation tax". Let them pay it.
Read the Article at HuffingtonPost
