There's a great deal of fear-mongering going on when it comes to the estate tax. ALEC-led Republicans claim that the children of farmers and small businesses are losing their farms and businesses because of the estate tax. Therefore, they argue, it should be abolished completely.
In fact, "just 0.19 percent of all deaths in 2013 resulted in (the payment of estate) tax. When 99.81 percent of all deaths don't create a taxable event, calling it a death tax is mathematically nonsensical." (*1)
The real reason for abolishing the estate tax is for the very rich to not only pass on their fortunes to their children, but to pass on their political power as well. They want to create an America, led by a oligarchy, that's been crowned by the almighty dollar.
