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Gary Forbis wrote:
The "old wealth" is a matter of entitlement and enfranchisement. By making old wealth pay its own way assets move into the hands of the currently productive. While there is a moral need to support those who came before us and made the world a good place for us this doesn't mean "old wealth" since many who made this a good place for us weren't rewarded during their productive years. Old wealth is immoral. That's the reason for high estate taxes; to prevent more Paris Hiltons. |
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