Posts Tagged ‘Inheritance Taxes’

If you want to build pyramids to yourself, and take a lot of resources out of society, you ought to pay like hell for it.  You ought to pay a perfectly appropriate tax.  I would force you to give back a huge chunk to society, so that hospitals get built and kids get educated too.
… I love it when I’m around the country club, and I hear people talk about the debilitating aspects of a welfare cycle, where some woman had a child at seventeen, and she gets food stamps, and we’re perpetuating a cycle of dependency.  And these same people are leaving their kids a lifetime supply of food stamps and beyond.  But instead of having a welfare officer, they have a trust fund officer.  And instead of having food stamps, they have stocks and bonds that pay dividends.
    —   Warren Buffett
(On the subject of inheritance taxes.)

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