Pay Down the Deficit with Inheritance Taxes
The solution to America’s budget deficit is obvious; make the dead pay. Afterall, the dead are dead and they don’t care.
Think about it. Who caused the budget deficit? Who voted for these outrageous entitlements? Who milked social security and Medicare while they were alive? The dead, of course.
The current inheritance tax is outside down. It exempts the first $5 million of a dead person’s estate and then taxes the excess. Instead, the government should be recovering the dead person’s share of the budget deficit first.
Think about it again. The dead person benefited from all those deficits. They were the recipients of the national debt. They should pay back their share if they have any assets left over when they die.
Today, according to the National Debt Clock, the national debt is $14.1 trillion and increasing at the rate of $4 billion dollars per pay. Holy cow! Divided by the US population that is $45,000 per person.
When someone dies, after paying for his or her funeral, if she or he has anything left, his or her estate should pay back their share of the national debt.
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