Okay, so here’s the thing…. The senate just passed legislation to end the controversial “estate tax” that affects a teensy sliver of the population and adds quite a bit of revenue to the federal coffers each year. What bugs me is that somehow the word has gotten out that all of us will have our estates plundered by this tax. Utter nonsense, yet people I know actually worry about it and believe this untruth. Could it be a result of the hammering at the issue by right-wing radio celebrities and editorialists like the Wall Street Journal? I believe the answer is yes, but don’t have the energy right now to dig up the damning links. [UPDATE: Just go here for validation of my point.] To put it into perspective, here’s a recent article on the topic, written by none other than….Bill Gates’ father. Illuminating.
March 26, 2003
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