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by nostromo 4125 days ago
Estate tax in the US only hits the upper-middle class. The rich avoid it entirely.

What makes my blood boil is that politicians that support raising the estate tax use trusts to avoid paying it. People like the Clintons:

http://www.bloomberg.com/news/articles/2014-06-17/wealthy-cl...

They're not alone... The Kennedys, the Pelosis, even Noam Chomsky is set up to avoid paying the estate tax!

http://www.hoover.org/research/noam-chomsky-closet-capitalis...