“I’m not an enthusiast for dynastic wealth, particularly when 6 billion others have much poorer hands than we do in life.” This was reportedly said by Mr. Warren Buffett today at the New York Public Library, where he was appearing with Bill and Melinda Gates, the only Americans richer than he is. You can read the whole story in the Business section of the New York Times FULL STORY.
At a time when many in Congress are trying to do away with the Estate, AKA “death” Tax permanently, some of the wealthiest among us are demonstrating a much better model of behavior. At least I think so. But wouldn’t it be wonderful to be able to give most of your wealth away and still have more than you could ever possibly need? See this FactCheck article on distortions put out by the Free Enterprise Foundation, a lobby group spending 4.1 million dollars this year in an attempt to do away with the Estate Tax for good FULL STORY.
In truth, the Estate Tax affects fewer than one percent of Americans. So, surely a government that represents ALL the people won’t succumb to the will of so few. Hmmm… or would it? What’s in your wallet?
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