Should the US Senate vote in favour of the repeal of estate tax.?

Question

The senate will probably vote this week on the repeal of estate tax. If estate tax is repealed or even partly repealed then the 200 richest familes in the US will benefit greatly. At the same time 65,000 citizens, mainly children, will lose health insurance due to reductions in Medicare. Does this reinforce the view that US society is driven by greed and self interest.

Answer 1

the rich keep getting richer, it does not matter if it is needed, the govt is in favor for breaks for the rich

Answer 2

Yes the Senate should repel the estate tax. The dead have already paid their taxes. No This reveals that some people think they are entitled. Tell the parents of these children to buy their own health care. It is wrong to have the rich pay for the poor unwillingly. The poor are poor because they make the same wrong decisions repeatedly. Also the Idea that Medicare will be reduced is just wrong. People need to learn to provide for them self. Just like the rich. One more thing we have the most generous rich people in the world. Society is not responsible for the poor the churches and charities are.

Answer 3

Repealing the estate tax will benefit many more than you think. To compare that to Medicare is totally unfair. Every person owning a house is taxed when they die unless they sign over the house to the heirs prior to their demise. Then the heirs are taxed in the same year for acquisition of the same property as a capital gain. Two taxes, not one. The reductions in Medicare are for the most part being funded at state and local levels for those 65,000 you speak of. It just is being realigned

Answer 4

The richest people (e.g., Gates, Buffet) favor the estate tax. They recognize that the system has allowed them to control far more than their portion of the world's resources, and there is no reason their heirs should be given all of that at the expense of the rest of the world.

Babies are born into the world with presumptively equal entitlements to the world's resources. Why should some be given 10,000 times their shares by mere accidents of birth? This is why we don't have kings and princesses today.

No, the super rich already get to enjoy incredible wealth while they live. We don't need to encourage the development of a heriditary economic caste system for the not-yet-born.

Answer 5

No. Failure to have an estate tax will cause a huge loss of tax revenue which all the rest of us non-wealthy taxpayers will have to make up for. It will also make much worse the concentration of great wealth in the hands of a few already very rich people, who can pass on their big estates to their children, although those children did nothing to earn that money.

Answer 6

Having the estate tax shows how greedy politicians and the government are, and how envious and greedy the leftists are.

Estates had already been taxed, and the government and the leftists have some hatred and class envy to enact such a Marxist pettiness.

Anybody who thinks that sticking it to wealthy people is good, they need to reflect deeply on their own failings of envy and greed and hate. They basically need to grow up.

Answer 7

No.
Turbowedgie, for your info my family will most likely be among those to pay the estate tax, and I support it.
It's NOT a death tax...only a tiny percent of the population will have to pay this tax.

Answer 8

Jesus said "Render unto Caesar that which is Caesars" so he endorses paying the government's tax. Is it that the Christian fundamentalists expect that the rich will be favorable to them if they get the abolition of taxes on inheritances etc?