A most pathetic comment from Warren Buffett, who is horrifying when it comes to assesing politics and freedom. Family heirs, he says, have already won an “ovarian lottery,” and thus should not be “rewarded” by the tax system. Mr. Buffett, however, doesn’t explain why the lack of theft is considered to be a “reward.” Perhaps it is because the status quo of rampant theft by the state is accepted as the norm, and any scaling back of such theft therefore is considered to be a “favor.” Of course, equating the transfer of private property to one’s heirs with “a lottery” denotes a complete lack of critical thinking skills. But then again, it’s easy to be in favor of estate redistribution when you’ve still got billions left over after the theft.
Source link: http://archive.mises.org/7490/a-meaningful-estate-tax-is-needed-to-prevent-our-democracy-from-becoming-a-dynastic-plutocracy/