DownWithTyranny!: Mao: The Tall Stalk Gets Cut Down-- But Not In America... The Sad Saga Of The Estate Tax

2 out of 1,000 estates are paying estate taxes this year. But even those taxes expire December 31. Obama would like to replace the current legislation with a slightly fairer tax-- but so slightly that it's almost not worth mentioning. Obama's proposal would tax 3 estates out of 1,000. The Republicans, of course, want to abolish the estate tax altogether. I thought Chris Hayes put the estate tax into context very well in his book, Twilight of the Elites. The topic he's discussing is why it's so tough to move America more forthrightly towards genuine equality and how people who benefit most from extreme inequality have outsize power-- as a result of that inequality-- that they use to protect the status quo and hold egalitarian incursions at bay.

via downwithtyranny.blogspot.com