Ignoramus18915 wrote:
On 2010-07-30, RBnDFW wrote:
Ignoramus5687 wrote:
On 2010-07-30, Larry Jaques wrote:
On Thu, 29 Jul 2010 19:43:22 -0400, Wes
wrote the following:

RBnDFW wrote:

"When he founded Harbor Freight Tools four decades ago, it?s unlikely
Allan Smidt expected it would end like it did this spring, when his own
son had an executive walk him out the door and lock him out of the
building."

http://www.vcstar.com/news/2010/jul/...ts-of-looting/
Assuming above story is factually correct, this is one of the few times I approve of post
term abortion
ROTFLSHIAPMP! Megadittoes.

This is also a good example why estate tax is a good idea. Just
because his son was made from his sperm, does not automatically make
him most qualified to run the business or "worthy" of being able to
command as much as his dad did.
So you think the government is the better heir?

Maybe it is not "better", but it prevents or at least reduces
perpetual dynasties that have nothing to do with merit.

Where is the harm to society?
Plenty of poorly run companies. That doesn't mean the government should
nationalize them, in whole or in part.
God knows government isn't efficient at running anything.
In fact, the HF heir behaves most like a typical federal bureaucrat.

Inheritance tax is no answer to anything.