Quote:
Originally Posted by DDTempest
I was very much opposed to the estate tax when first learning about it, but I am on the fence now. On one hand, you should be able to take care of your family ... but on the other hand, that usually just keeps a pile of money from reentering circulation (hoarding cash if you will). I tried thinking why it would bother me and the only real reason is my own greed towards whatever may be passed down to me upon my relatives' passing.
Of course there are numerous ways to pass money down proactively over the years if you generally want to "help your own"
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Nobody hoards cash, short of stuffing it in a mattress. Even if it's in a bank, it's providing capital for that bank to work (see all the new capital requirements for banks).