Quote by Paul Ryan

I don't want to get into the 'who's a hostage-taker' discussion here, but what is the estate tax? It's a double tax on death. Economists will tell you that it's really not a tax that soaks the rich, but it's a tax on capital that deprives business investment and therefore job creation.

I don't want to get into the 'who's a hostage-taker' discuss

Summary

This quote highlights the negative impact of the estate tax, also known as the "death tax." It suggests that the estate tax is essentially a double taxation on wealth transferred after death. While economists argue that it targets capital rather than the wealthy specifically, the quote posits that this tax hinders business investment, leading to a reduction in job creation. The author seems to question the effectiveness and fairness of the estate tax by emphasizing its potential consequences on economic growth and development.

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