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.
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.
Topics
Business
By Paul Ryan
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