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And While We are on the Subject of Christmas, a Word about the Estate Tax

By Numerian

Merry Christmas to All! If it be more blessed to give than to receive, what better time than Christmas Day to discuss the Estate Tax.

You might say to yourself: How dry, how dull – leave me to my eggnog and on some other day I will look into this subject. But there is no better day than Christmas Day to think about what any citizen of a democracy owes to his or her country, and this is especially true about the wealthier, and especially the wealthiest, among us. Image: Mark Fiore

My first Christmas gift to you is my most favorite of all quotes, from that most astute observer of democracy, Alexis de Tocqueville. He was a man who was intimately familiar with the social sclerosis that resulted from aristocracy, and he had a chance to compare it in the 1830s to the newly-invented American democracy. He said the following in Book I of his Democracy in America. Continue reading