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Sunday, December 19, 2010

More on Taxes, And Their Morality ...

Smart words from Dr. Russ Roberts of GMU. And don't miss what Dr. Boudreaux has to say about the estate/death tax.

The Moral Problem With Estate Taxes - Room for Debate - NYTimes.com: "I don't like the estate tax on moral grounds. It's wrong for the government to tax people twice, once when they earn the money and once when they give it away, if the giving away is done after death, an arbitrary and unpredictable deadline. It's wrong for the government to create a tax that benefits tax lawyers and insurance companies for their creativity in structuring tax havens rather than helping to make the world a better place. And it's wrong to tell the richest Americans that they will be punished for sharing the fruits of their labor or good fortune as they see fit, even if you or I might imagine in moments of hubris and envy that we could spend it so much more wisely."

Additional links:
Fun Facts to Know and Tell: Incentives Edition
Asking vs. Commanding
AP: 13M get unexpected tax bill from Obama tax credit
Tax Deal Roundup, And Open Letter To Bernie Sanders ...
What's The Ideological Divide Over Taxes? Why?
Who Pays Taxes? Are They Doubly-Progressive?
Capitalists Should Love the Estate Tax?

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