Estate Taxes Quotes
In many countries, the king received all land and most property upon the death of a landowner.
His argument is that the children of the wealthy tend to become rich, not by inheriting money from their parents but by culturally and educationally becoming assimilated to and skilled at the language and norms of business and capitalism. There is a great deal of evidence to support this, however there is a political split between those who argue that inheritance taxes will do little or no good in producing equal opportunity for children of wealthy and poor parents. Therefore, abolish the tax. Others argue that the tax is needed to make up for the differential capability at money making as the funds could be used to provide better training for the children of the poor.
“Familia” in Latin meant in this context, the community or the citizens as opposed to the officials, The Bishop determined the former was under attack by the officials who in the probating of wills and estates would take bribes or levy taxes under “laws” that they would make up on the spot bilking the rightful inheritors of the property and wealth of the deceased. The principle that laws and regulations must be written down in advance and not otherwise, is a fundamental part of Western law today, But as this quotation shows, it was not always such.
This early form of estate tax was a very popular act, as inheritors no longer had to pay the full "market price" of the estate to the state in order for the family to continue possession. Thus the estate tax was a welcome alternative for the then wealthy families.
Conservatives have been trying to eliminate estate taxes—sometimes called “inheritance taxes” for years. One of their most effective techniques was to create their own pejorative language to describe estate taxes and then to have all conservatives use that description and never say “estate taxes”. While this shifted public opinion somewhat, the majority of Americans still tended to agree with Sanders and estate taxes remained in force then. The estate taxes only were levied on the wealthiest Americans—less than 2 percent.
The accumulation of wealth of some of the richest families was too great even for this man who was one of the wealthy establishment. He therefore supported an inheritance estate tax, in order to redistribute the income, and put a stop to the accumulation of wealth in only a few families.
