Why Do Liberal Progressives Push The Estate Tax – You May Be Shocked

December 12, 2012 11:59 pmViews: 619

The estate tax has probably got to be the most confiscatory tax in existence and not only is it outright theft, it does untold damage to the economic fabric of the United States. The reason the states tax is so bad is that it hurts family farms more than anything else.

Family farms sit on expensive land, but the businesses themselves may not really be all that profitable. However, when a family member passes a farm on to their children, they may have an extremely high tax bill, up to 55% of the value of the farm if we go ff the fiscal cliff, that they are unable to pay. When families that have had these farm for generations have to come up with millions to pay off large estate tax bills, large agribusinesses come in an buy these farm sometimes for a steal.

And guess who is investing in agro-processors and agribusinesses that are buying up family farms, none other than George Soros and Warren Buffett. So much for the Obama administration being for the little guy.

Watch the video below from TheBlaze to get a better understanding of what's going on behind the scenes of the estate tax, insurance and planning business. You may be shocked:

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