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Andy McKee: Everybody Wants to Rule the World

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Decatur Deb3/03/2011 6:38:21 pm PST

re: #255 Killgore Trout

It’s also worth noting that estate tax is very helpful in avoiding an aristocratic class of wealthy families who will reign indefinitely through accumulated wealth. Without the estate tax we’d have dynastic aristocracy like feudal Europe withing a few generations.

Nice theory, except that the really wealthy can afford enough accountants (and politicians) to avoid threats to the dynasty. koch..koch…