The Latte Factor and the Estate Tax

So, as if you are a person on the internet you have probably seen, Senator Chuck Grassley had this to say when asked why Congress plans to reduce (the Senate bill) or eliminate (the House bill) the estate tax:

“I think not having the estate tax recognizes the people that are investing, as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies.”

For a hippie communist, I have some surprisingly mixed feelings about this point.

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