Democrats for Rich Heirs?

Will Congress hand Obama’s estate tax an embarrassing defeat by pandering to the rich?

... the Senate is considering what to do about the estate tax. It is scheduled to be abolished next year, in one of several landmines the Bush administration set to go off after it left town. Obama proposes to reinstate the tax, at a 45 percent rate, on estates worth more than $3.5 million. Since there's no tax on what you leave to your spouse, married couples could pass on $7 million before needing to pay a dollar -- or needing to consult a lawyer who can ... Full Story »

Posted by Kaizar Campwala
Tags Help
Editorial Help
Posted by: Posted by Kaizar Campwala - Apr 13, 2009 - 6:44 AM PDT
Content Type: Article
Edit Lock: This story can be edited
Edited by: Kaizar Campwala - Apr 13, 2009 - 6:44 AM PDT
Derek Hawkins
4.4
by Derek Hawkins - Apr. 13, 2009

I rarely rate anything this highly, especially on opinion piece, but this was stellar. Kinsley exposes the debate over the estate tax as largely symbolic and vapid. Incisive without being partisan.

In the Senate, there’s trouble. Ten Democrats have joined the Republicans in calling for a $10 million exclusion and a 35 percent rate. This is amazing. The number of ... More »

See Full Review » (13 answers)
Fabrice Florin
3.8
by Fabrice Florin - Apr. 13, 2009

Thoughtful opinion about the estate tax, which Congress is considering reinstating this year. The author provides a well-reasoned argument in favor of the tax, and discusses this debate fairly and responsibly.

See Full Review » (11 answers)
Kaizar Campwala
4.4
by Kaizar Campwala - Apr. 13, 2009

An excellent piece that cuts through the rhetoric to offer a sharp, non-apologetic opinion on the estate tax. The comparison with AIG compensations is done with nuance, but is still illustrative and thought provoking.

But why the populist fury over those AIG bonuses of a few million dollars while no one seems to care much about billions being transferred through ... More »

See Full Review » (12 answers)
Kristin Gorski
3.7
by Kristin Gorski - Apr. 13, 2009

Insightful. Points out a detail about a Congressional vote (these 10 mysterious Democrats) that may not be getting much press, and seems to deserve a much closer look. Kinsley makes draws some conclusions about this vote, but leaves his original question largely unanswered: why are they voting this way? (I'd still like to know.)

See Full Review » (12 answers)
Dwight Rousu
4.0
by Dwight Rousu - Apr. 13, 2009

Kinsley scans the economics and the politics and finds strange landscape, but perhaps does not dig deep enough to fully engage this socio-economic-political problem in our nation. Perhaps Kinsley could help us by telling the wealth of these ten Democrats and listing the political donations they have received, and from whom. Hiltzik has a good column on the estate tax in the LA Times.

The growing divide between the very wealthy and the poor in this country is destroying democracy and harming health and well-being. The wealthy have invested much in trying to control legislators by big contributions and media control. That control goes deep into the Democratic party as well as the obvious almost total control of the Republican party. To regain democracy we need to restore ownership of elections to voters, not to the wealthy elite who donate the huge sums needed to ... More »

See Full Review » (13 answers)
Kenneth Sibbett
3.8
by Kenneth Sibbett - Apr. 13, 2009

There's only one reason ten Senators would vote to increase. Money. When they leave the Senate, the really big dealers, the billionaires, might just have jobs waiting for their kids, grandkids and their kids.

On and on. The merry-go-round never stops. When was it considered a bad thing to to a good thing for your country.

See Full Review » (12 answers)

Comments on this story Help (BETA)

NT Rating | My Rating

Ratings

4.0

Good
from 6 reviews (50% confidence)
Quality
4.0
Information
3.7
Insight
4.3
Style
4.0
Context
3.7
Expertise
3.0
Originality
4.3
Relevance
4.3
Responsibility
4.2
Popularity
4.0
Recommendation
4.2
Credibility
4.2
# Reviews
3.0
# Views
5.0
# Likes
1.0
# Emails
1.0
More
How our ratings work »
(See these related stories.)

Links Help

  • Taxing the Dead

    (Blog Post) ... no tax lives in isolation. The question isn't whether a tax is good or bad, it's whether it's better or worse than other taxes. After all, money has to come from ...
    Posted by Kaizar Campwala
  • You Can't Take It With You

    (Blog Post) But of course the tax is not triggered merely by death — a point that liberals have made in protesting the conservative relabeling of it as "the death tax." It is triggered ...
    Posted by Kaizar Campwala
  • The Sad (and False) Tales of Victims of the Estate Tax Pending

    Posted by Dwight Rousu
  • Senate to Uber-Rich: "Help Is on the Way" Pending

    Posted by Dwight Rousu
  • It’s not for ‘gazillionaires’ Pending

    Posted by Dwight Rousu
  • Lay 'death tax' debate to rest Pending

    Posted by Dwight Rousu