On 7/30/2010 11:28 AM, RBnDFW wrote:
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.


Yes it is. It's the answer to how do you prevent creating a class of
aristocrats that have way too much influence on society and government.
Of course, if you want a country dominated by a small class that has
inherited huge amounts of money then you wouldn't want an estate tax.

After seeing the evils of a monarchy the founding fathers did everything
to keep from having that happen here. They also saw what allowing the
estates of the rich to pass on through the generations did to England,
and they didn't want that to happen here either. So if you are against
the estate tax you disagree with the founders. I can't help but wonder
if you disagree with them on this how many other things you think they
did wrong. You must be a socialist.

Hawke