Amelie Ratliff writes: At a time of staggering inequality, I can’t believe that Congress and the Trump administration want to give me another tax break.
On Wednesday, the Republican party unveiled their tax reform plan, which included the elimination of the federal estate tax. But as one of a small segment of people in the top 1% with enough wealth to someday pay the estate tax, I believe a tax on inherited wealth is completely reasonable and fair.
I grew up in Alabama, one of the poorest states in the country, in a wealthy family. We benefited from financial deregulation during the Reagan years, as well as prudent taxpayer-funded investments that ensured stability, prosperity and economic growth.
After living through decades of increasing economic division and racial inequality, I believe today’s wealth gap is poisoning our body politic. [Continue reading…]