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Is the Exemption of Two and a Half Million Dollars of Household Wealth a Good Thing?
The exemption of two and a half million dollars of household wealth means that, from the perspective of the average american, everybody who pays the tax is really rich. And it's true that some people are not as rich as they were, and some people are suffering real setbacks,. But yet they remain really rich from the perspectives of the average American. I think we don't look on each other one at a time and ask, who has more? Rather, we ask, do we have more than is fair for us to have? That's what this tax is trying to do: Those who are most privileged as a group owe thing to society d....