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When isn't it a sensitive moment? The problem is having nationalists in charge of the world's most powerful country when we're now living--and have for at least 100 years-- in a global economy in which everything is intricately linked.Trump’s decision to consider close political allies for the central bank comes at a sensitive moment for the world economy and the IMF.
Maybe that elite minority is better able to articulate and propagate their case to the masses? It’s not uncommon for Great Lakes coastal resort communities to invest millions of state / local tax dollars on amenities like public marinas for the “high-flyers” who visit the area 2-3 months of the year, while ignoring basic infrastructure and services for the less affluent locals residing only blocks away from all that extravagance. The contrast in many communities is stunning.”Maybe it is who we are as a culture or, maybe, a species. Do we really worry more about the wealthy and their businesses and farms (or the profit derived from them) than about food for the young? At the minimum, don't you find it interesting that taxing large estates bring more panic to the average American than cutting food stamps?”
Nothing makes more sense than the estate tax if you believe in American individualism and democracy, that people should make their own way in their the world and earn their keep instead of being coddled by the government or family wealth. It’s not a “tax on success” as the heirs didn’t actually produce the wealth they’re inheriting. If anything a high estate tax would force them to work hard and make their own way in the world. Moreover, massive inheritance is a threat to democracy as it concentrates power in a few families like kings or queens for generations in perpetuity. Yet nothing is more ridiculously maligned in the conservative press as this article illustrates. It’s a non-threat, a bogeyman that for 99.5% of right wing Americans with delusions of grandeur will never affect them.Here is the real shocker: there are 6 million small businesses and 2 million family-owned farms in America. In the last year of the old law in 2017, only 80 small businesses and farms nationwide faced any estate tax.
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