Reply #36: i didn't delete anything. i added something. check again. [View All]

[Hannah Bell]

20. You seem to have a very difficult time grasping the logic of this.
Edited on Wed Sep-15-10 01:52 PM by Hannah Bell
gates wants to keep the estate tax because:

1. it doesn't hit the super-rich or "obscenely wealthy", who have armies of lawyers to lock up their assets in private foundations & trusts, and actually gives impetus to that choice, which is to gates' class's advantage, and

2. foundations *are* a way of passing on control over wealth to heirs (that's why buffett gave each of his kids one, plus management of the one he established in his dead wife's name), and

3. there have already been 4 generations of "obscenely wealthy" maxwells (gates' maternal side), being as great-grandpa & grandpa were bank presidents working for the rockefellers' city bank franchise, and

3. the estate tax hits the land-poor & regional small to medium-sized businesses hardest.



and i already answered your other question. you just choose to ignore the answer because it doesn't fit your script.