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View Diary: Warren Buffett's latest op-ed will bring mutters of 'class traitor.' But he doesn't go far enough (117 comments)

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  •  Estate Tax will drive investments (1+ / 0-)
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    RandomNonviolence

    Contrary to the conservative mantra that taxes discourage investment, I believe an estate tax is the #1 motivator for investment.  If a wealthy family knows that its fortune will be taxed every 30 years or so, it will work more aggressively to increase its wealth in the meantime.  Nothing says "low risk" more than knowing you can live off the interest of the old money ad infinitum.

    The Virtue of Selfishness is not a driving manual

    by bondibox on Tue Nov 27, 2012 at 02:00:49 AM PST

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