Timothy Egan " The elder Gates, whom I’ve met in passing here, is a child of the Great Depression who grew up with the fear of being poor. He is also a veteran who went to college on the G.I. Bill – one of government’s great escalators into the middle class.
In the political realm, he is best known for fighting George W. Bush’s efforts to repeal the estate tax, a tax he feels is needed to prevent a permanent economic aristocracy in this country. If you need a moment of instant populist outrage, imagine all those children of people who made billions in the casino of credit default swaps passing on the gains to their little darlings, tax-free.
It won’t happen, in all likelihood, because of people like Gates, who quotes Günther Grass thusly: “The first job of a citizen is to keep your mouth open.” " NY Times
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ReplyDeleteHi Anonymous,
ReplyDeletethanks for your comments. I have saved it. Will create a post on your comment when i have the opportunity.
regards
Dear Friend,
ReplyDeleteI thank God that George W. Bush didn't get away with abolishing the estate tax. I also thank Bill Gates, because he has proven himself to be a good steward, many times over. Bill Gates is right, abolishing the estate tax would lead to aristocracy in this country.
Capitalism and good stewardship go hand in hand, one cannot prosper without the other
Keep up the good work.