WOW! What an incredible insight into the bizzaro minds of liberal elitists who believe that all income belongs to the government except that which they "allow" us to keep.
Barney Frank stated flat out that the government has a RIGHT to take as much of a deceased person's estate as they choose. He says it is because the heirs did not earn it, so they are not entitled to it.
But here's the problem with your warped thinking, Mr. Frank...
First, it has been accepted common law for thousands of years, in almost every culture, that a family is entitled to inherit that which members of their family have accummulated.
Second, most estates are not earned solely by the deceased. The accummulation of wealth is often a family endeavor, and the family is therefore entitled to it, even if the common law of survivorship did not exist (the legal inheritance rights of heirs has been accepted as law for milennia). For example, take the average farm. To make a farm work, it requires the effort of the entire family. For you in your arrogance and ignorance to claim they have no right to inherit that which they helped build is nothing short of insane.
Third, if you truly believe a person is not entitled to something they did not personally earn, then by what logic do you claim the government has any right to it? Did the government milk the cows, or bale the hay? Did the government risk everything they own to start and build the business? Did the government work 100 hours a week getting the business off the ground?
And while I understand, Mr. Frank, that you think it is a good thing to confiscate the private property of citizens, you seem to be ignoring the fact that such storm-trooper tactics do a great deal of harm to the entire nation. A great many "estates" consist of wealth that is not liquid. For example, the family farm, which requires hundreds of acres of land and hundreds of thousands of dollars in equipment. The land and equipment may be worth $10 million. But being a farm, there is almost no cash. Land rich, cash poor. So, in order to pay the estate taxes you socialists insist on, much of the land and/or equipment must be sold. This destroys the farm, putting people out of work and turning land for food production into a housing development. And a farm that has been the sole support of a family for generation is gone, destroyed by those who believe they are entitled to crush anyone who gets in the way of redistributing the wealth to those who have done nothing to earn it.
A person accumulates wealth for the benefit of their family, not for the benefit of government. If you bust your hump for 40 years to provide a better life for your children, does the government have any right to step in and take it away? No.
Take note, Mr. Frank - everything in America, including its wealth - belongs to the People, not the government. This is a government OF, BY and FOR the people, and you, Mr. Frank, are our servant. Not vice versa. If you are unwilling or unable to accept those tenets of the Constitution that you swore under oath to uphold, then get the Hell out of our government.
Frankly, it is long past time to put these socialists out of office.
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