Democrat: Heirs Must “Earn” Inheritance from Parents

A Democrat Congresswoman, Linda Sanchez, recently displayed her thinking about justice, inheritance, and the “death tax.” Here are some quotations:

  • What work requirements are there to inherit up to $10 million tax free?
  • Why is that [a single mother] should be drug tested, which is an unrelated requirement to receive food assistance, to make sure that her family has enough to eat, and people who are lucky enough to inherit millions of dollars are literally required to do nothing to get the federal tax benefit with their inheritance?
  • I understand the desire to keep things running in a family business. I get that. I get the hardships you guys encounter. But let’s not throw the entire baby out with the bathwater and say we’re going to eliminate the estate tax altogether.
  • We don’t believe in an aristocracy, or that it’s a good societal thing for dynasties to hoard their wealth and leave the rest to fight over the crumbs. That’s just not how this country was founded. But we have a paradox here in this country, where we think you should work hard to get where you are … but by the same token, everyone wants to make enough money to where they can retire and not have to work. And they want to preserve increasingly larger and larger chunks of their wealth.

Trust me, Representative Sanchez, some of us gave up the idea of ever retiring a long time ago. Good work!

death tax

[See also, “Democrats’ Death Tax Hike Could Kill Half Million Farms.”]

The quotations are found in a recent Daily Caller article: “Dem Suggests Kids Should Be Drug-Tested Before They Can Inherit From Their Parents.” If it wasn’t so disgusting, it would be humorous to read about someone claiming that we don’t allow dynasties in a nation where many in our ruling class are predicting and hoping that we will see Bush v. Clinton election in 2016.

I don’t think for a minute that Sanchez doesn’t know that her lines and questions are garbage. The bottom line is that you can make a living in two different ways in the world: 1) by producing and trading and receiving freely-bestowed gifts, 2) by appropriating the property of others. As a politician in government, Sanchez is completely committed to the second way. So one of her tools of perpetuating these robberies is to beg the question in all her speaking. Thus, she asks questions that presuppose that all wealth belongs to government. Any time anyone receives wealth, they must justify to the government how they have “earned” having the government bestow it upon them.

Of course, her philosophy of statism serves not only the interest of governments, but of large corporations. As Representative Kevin Brady pointed out, the inheritance tax is the primary reasons why families lose businesses and farms rather than passing them on to the next generation. Big Agriculture and Big Businesses gobble up the resources that must be liquidated, and enjoy seeing their competition destroyed by government. Yes, Sanchez, that is soooo much more American than a “dynasty” of parents passing on their property to their children.

[See also, “The Death Tax Must Die.”]

And notice the assumption in saying that these so-called dynasties would “hoard their wealth and leave the rest to fight over the crumbs.” We wouldn’t be fighting over crumbs with many more family businesses and family farms. On the contrary we would have lower-priced goods and more jobs! People don’t benefit from their wealth unless they trade it. And most people don’t like seeing their wealth dwindle so they try to use it and invest it to make more money. This only happens when they provide value to others. So society benefits in many tangible ways.

Of course, the government hates it when society prospers in a way that doesn’t give politicians control of what happens and credit for all good things. Sanchez is a loyal ambassador of her organized crime syndicate.

(For another story of a power grab today, see what the Environmental Protection Agency is cooking up for your backyard.)