I have been feeling gloomy lately; I wonder why? Everything runs in cycles, but our congress it seems, so hopefully my outlook will swing back to something more normal soon. There are not many in Washington that I look up to anymore but Olympia Snowe was one of them. Those two ladies from Maine always given me hope that there is indeed light at … Continue reading Olympia Snowe leaving the Senate….
I got the above title from one of my blogging friends over at Living Richly in Retirement. It was a rather innocuous sentence embedded in a post about selling her house. But it did strike me as part of my philosophy of life. Since I have no kids the following could be coming from total ignorance but I don’t think any of us should leave anything but a pittance to our heirs when we leave this earth. It would just spoil them anyway. Let them take care of themselves as they expect us to take care of ourselves.
This is very contrary to all the latest trends going on in this country now but I am a contrarian so you should have seen this coming. We want to eliminate the inheritance taxes entirely in this country so that all the wealth can pass from one generation to another unscathed. We say a couple million bucks is just not enough for our kids. They need it all. Being that if nothing changes we will be a plutocracy in a couple more generations this makes sense.