Obama's position on the estate tax

[ICantSpellDawg]

The estate tax is a stupid argument. The tax has been higher and there is precedent for it, governments are free to tinker with it. My problem is with corporate and income taxes generally. What happens after someone dies who earned millions of dollars or more in life is not my concern. If the government believes that It can tax people after their death than so be it. My concern is with earning wealth and spending money as you see fit in life, not creating dynasties and controlling money after you are dead.

Death tax is one of the many red herrings in politics that most people, except the wealthiest of the wealthy who have never heard of trusts and giving to others, need not worry themselves about.