Matt Yglesias Shows His Class EnvyI got a chuckle out of
this chuckleheaded post.
Taxing estates doesn't really seem like a great plan. If I die with a $10 million estate and want to give $5 to 2 million different people, there doesn't seem to me to be a good reason why the estate should be taxed. Better to tax inheritance since the actual concern is that I'll give $10 million to my son and he'll be rich, rich, rich without ever having worked.To which, I have to respond, so what? Yglesias goes on to say that the inheritance tax is fine with him:
Here you are, you inherit a store worth $X. You owe $Y in taxes, with Y being less than X. So you are "forced" to sell the store, and accept "only" $X-Y as your inheritance. Note that X is a figure in the millions, and Y a small proportion of X.And so what happens? The son is rich, rich, rich, without ever having worked. Less rich than he would be without the inheritance tax, but only by a "small proportion". Sounds like the inheritance tax has not done anything about Matt's supposed "actual concern".
He also engages in a little small businessman bashing:
Speaking of which, f**k the small businessman.Well, at least he's a little more honest than the average Democrat running for office.
