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The government in business may waste time and money without rendering service. In the end the public pays in taxes. The corporation cannot waste or it will fall. It cannot make unfair rulings or give high-handed, expensive service, for there are not enough people willing to accept inferior service to make a volume of business that will pay dividends.
If the present tax rates had been in effect from the beginning of our century, many who are millionaires today would live under more modest circumstances. But all those new branches of industry which supply the masses with articles unheard of before, would operate, if at all, on a much smaller scale, and their products would be beyond the reach of the common man.
You’ve worked hard all your life. You’ve paid Medicare taxes for almost 30 years. But under the Republican plan, Medicare won’t be there for you. Instead of Medicare as it exists now, under the Republican plan you’ll get a voucher that will pay as little as half your Medicare costs when you turn 65—and as little as a quarter in your 80s. And all so that millionaires and billionaires can have a huge tax cut.
You have educate the masses to exactly what their tax dollars are going to pay for. I think once people educate themselves and open up their minds to understand that on that really basic
level, then you’ll have some type of change in the way that Americans associate themselves and participate in their own political process.
Suggestion of the Communist Manifesto was ‘abolition of all right of inheritance.’ Looking backward upon the past history of estate taxes, we have to realize that they more and more have approached the goal set by Marx. Estate taxes of the height they have already attained for the upper brackets are no longer to be qualified as taxes. They are measures of expropriation.