You bought that propaganda, eh? Pretty sad.
“You bought that propaganda, eh? Pretty sad.”
“The growing disposition to tax more and more heavily large estates left at death is a cheering indication of the growth of a salutary change in public opinion.... Of all forms of taxation, this seems the wisest. Men who continue hoarding great sums all their lives, the proper use of which for public ends would work good to the community, should be made to feel that the community, in the form of the state, cannot thus be deprived of its proper share. By taxing estates heavily at death, the state marks its condemnation of the selfish millionaire’s unworthy life.
. . . This policy would work powerfully to induce the rich man to attend to the administration of wealth during his life, which is the end that society should always have in view, as being that by far most fruitful for the people”
Andrew Camegie, “Wealth,” North American Review, 148, no. 391 (June 1889): 653, 65762.
Just another communist? lol
Use your money to benefit your community, church, and other causes near and dear to your heart. Then you can die and leave zilch to Uncle Sam.
One change I would like to see would put a time limit on all tax-exempt foundations established by bequest. They shouldn’t be allowed to be perpetual in my opinion.