Must Not Be 1 of the 18 Families
The Democrats have found a spokesman in their fight to repeal the estate tax, if they pay attention:
Now it is certain Buffett's children will not inherit a great slice of their father's wealth when he passes away. "There's no reason why future generations of little Buffetts should command society just because they came from the right womb. Where's the justice in that?" Buffett has been quoted as saying in the past.
Bill Frist and company are still trying to push forward with a "compromise" that is not a compromise at all, but essentially a stealth repeal. There aren't enough votes yet, but if they do bring it to the floor, it'd be with a deal already in place, I gather.
Warren Buffett, whose children could benefit from it, has put the issue in cleaner, more sensible language than any Democrat I've ever seen. Bottom line, this country is a meritocracy, not an aristocracy. Nobody wants to take all of Paris Hilton's inheritance away, but she ought to pay taxes on that income just like hardworking Americans everywhere do on their own income.
Buffett must not be in one of those 18 families that have bankrolled this entire effort to repeal the tax. See, because he's sensible, smart, and understands how America works.
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