What is the death tax? We all know that the Federal government decided some time ago that there were wealthy families in this country, the Rockefellers, the Ford's, the Carnegies, and people like that. Back then there was kind of a rage, kind of a class warfare type of situation. We see it today. We see people in a country that, by the way, has as its model an opportunity for free enterprise, an opportunity to make something of oneself, if one wants, or an opportunity to enjoy the fruits of one's labor. Yet, when an individual, especially back at the beginning of this death tax, at that time, made something and had an opportunity to enjoy the fruits of their labor, there were people in our society who were jealous; who said, we ought to do something to punish people that have money. We ought to go after those Carnegies and those Fords and Kennedys, people like that. Let us go after them. So they came up with this concept called the death tax. It is a tax that is placed upon the family on the event of a death.
JOHN LINDER: “What is the death tax? We all know that the Federal government decided some time ago that there were wealthy families in…”
Editor's note · Context
Discussing the implications of the death tax on families and society.
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