Posted by: The Elephant Owner in Congress,Taxes on December 22nd, 2010

Barney Frank thinks he is so smart. He is a bitter, bitter man. In this video he says that taxes on your estate are not a punishment. He says people who heirs did not work hard, they are just lucky. While that may be true…neither did you…you thief.

When I die, what I have saved (after taxes) is mine to go to whom I chose. It’s a little thing us capitalist like to call “property rights”.

Then Frank argues that this death tax won’t hurt jobs. He couldn’t be more wrong.

I work for a guy who owns a small manufacturing facility. The building and equipment is worth about 3 million dollars. I have no idea how much personal assets he has, but I’m sure it isn’t zero. When he dies, he want to give the company his only heir…his daughter.

If the government comes and demands 1.5 millions dollars because she didn’t work hard to earn the company, they will essentially be killing every job (including mine). The daughter without hesitation will sell the assets of the company in order to pay the taxes.

Barney Franks is a bitter and foolish man. May he and his party never return to the majority again.

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