I have to thank the editorial staff at the WashPost for this one: Congress passed up an obvious policy tool to fix wealth inequality, pointing out the utter failure of congressional Democrats to revise our nation’s abysmal “keep the rich folks happy” non-tax on inheritances. As the Post notes, billionaire-bashing folks like Sens. Elizabeth Warren…
Tag: inheritance tax
Enter Megan McArdle. Cue the faux head-shaking.
O Democrats! O Republicans! They’re both so cwaazzzy! So quoth Bloomsberg babe Megan McArdle, in a recent piece over the low-intensity but long-continuing furor over the inheritance tax/death tax. Sure, Republicans are a bit wacky for getting so sentimental over the supposed heartlessness of taxing multi-million-dollar inheritances, says Megan, but you know something? Those Democrats…