Tag Archives: Quotations Accumulations inheritance investments

Opponents of repeal [of the Death Tax

Opponents of repeal [of the Death Tax] today should be as honest as the sponsors of the tax were in 1916, when the preamble to the bill creating it declared that the aim was ‘to break up the swollen fortunes of the rich.’ Of course, such rhetoric today would seem quaint, faintly risible, and even President Clinton would not risk using it.Today it’s more clear ‘swollen fortunes’ really enrich the entire country. Accumulations of capital provide the investments that create wealth for all, so we should abolish the inheritance tax. Thomas G. Dolan
Barron’s Sept 4, 2000

today should be as honest … ]