E. P. Taylor in the New York Times, January 16th, 1964:
“I believe we can cure our problems overnight with low income taxes, both corporation and personal, plus elimination of death duties, which account for only 1.5 per cent of Federal revenues anyway.”
Of all the arguments against inheritance taxes -- death tax! double taxation! what about the family farmers! discourages wealth accumulation and suicide! -- the least convincing one is that they don't raise a lot of money. ("Why, the fire department would hardly miss it, and I could buy another race horse." Yeah, that's a winner.) But the super rich, and the think tank people they pay to make their arguments sound like anything but greed, are goddamn in love with it. It's the cherry on the bullshit sundae. They were saying it in Congress last month, while voting to eliminate a tax less than 5000 people -- the richest people formerly alive -- pay. Because fairness. And because, like E.P. Taylor would tell you, it's not a lot of money.
If it's not a lot of money, why won't dead rich people let a single penny of it go?
I loathe E.P. Taylor and even if Richard Rohmer doesn't -- I'm not an angry college student; I can read books by people I disagree with -- I think he disgraced himself, putting his name on Taylor's biography, a fatuous and dishonest piece of crap.
I wish there was a grade lower than F minus, but I guess there isn't. So F minus.