The prosperous are a precious thing, and we have tons of them in America. The more, the better. I know that not everyone pursues prosperity: many pursue other goals instead. But the more wealthy people we have, the better.
Wealthy people do not ask the government (meaning their neighbors) for stuff, they live independent lives, they donate time and money to charities, they tend to be civic-minded and grateful, they “ask not what America can do” for them, they educate their kids, they spend money and keep the retail economy rolling, they invest in businesses which grow and create jobs, etc etc.
Without the estate tax, we would have many more wealthy in America than we have now. And if more people had good old Yankee thrift and the backbone to resist every temptation, we’d have even more wealthy people. Wealth is not the most important thing in life, but private assets are the foundation of being a Free Man or Woman.
The goal of American policies should be to help create as many wealthy people and families as possible.
Well said, I thought.