Tuesday, May 02, 2006

A country awash in greed.

I know it's natural for parents to want for their children, all the advantages that they can provide for them. I know that at times our bills have become secondary to to things that we've considered necessary for our kids' well being.

But there's a movement afoot by some of the richest families in this country to convince the gullible that a huge tax break for them will not be detrimental to the country and will somehow be advantageous to the regular folks.

The repeal of the Estate Tax, now dubbed the "Death Tax" by the PR firms hired by the wealthy families, will cost the government $290 billion over the next 10 years. That shortfall will have to be made up somewhere. And you can probably guess by whom.

Groups that support estate tax repeal say they're close to getting the 60
votes they need. Grover Norquist of Americans for Tax Reform says 68 percent of
Americans want the tax eliminated. He says estate taxes affect a broad range of
people and dismissed the report's contention that it only affects the super rich
as "tired rhetoric of hate and envy."

The groups that released the report called it a "myth" that estate taxes
force families to sell farms and businesses. They said the taxes raise revenue
from those most able to pay, prompt the rich to give to charity and deter
concentrations of wealth.

They said families including those that founded Wal-Mart, Gallo wineries,
Nordstrom's department stores, Wegman's grocery stores, the Mars candy company,
Cox media chain and Campbell Soup Co. joined the Timkens in bankrolling an
effort the groups' report called "one of the biggest con jobs in recent

The report says the 18 families financed business groups, trade associations
and lobbyists to push for their goals. Information about their participation was
obtained through lobbying reports and IRS forms filed by anti-tax groups, the
report said.

If you read this like I do, it means that they want our kids to pay for their kid's extravagant lifestyles.

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I did not mean that Conservatives are generally stupid; I meant, that stupid persons are generally Conservative. I believe that to be so obvious and undeniable a fact that I hardly think any hon. Gentleman will question it.

John Stuart Mill (May 20 1806 – May 8 1873)