Wealthy icons such as Bill Gates Sr., Warren Buffet, George Soros and a few Rockefellers are opposing the repeal of the estate tax.
Well, that's all very nice that these few super rich don't mind paying the death tax. But there are hundreds of thousands of individuals and small business owners who would prefer to leave their wealth and businesses to their families. This is not an issue to be decided by the ultra-rich and legislators should not be swayed by their "altruistic" arguments. What is most telling about their attitude is that they claim the estate tax encourages them to leave more of their wealth to charitable foundations. And we thought they were leaving all this money out of the goodness and generosity of their hearts. We now find out the truth — the reason they give to charity at all is to avoid a big tax bill! Shame on you Gates, Soros, Buffet, Rockefeller et al. Shame on you indeed!