Estate Tax

One aspect of the mystery remains, however. Not every member of the super-rich elite supported repeal. There were some who hated the idea, including William Gates Sr (father of Bill), Steven Rockefeller, George Soros and Warren Buffet. What is more, the Democratic Party was squarely against the proposal, and wanted to prevent it. Given that the alliance that had been formed to push repeal through was so obviously flaky, and vulnerable to the skilful exploitation of the differences between its members, why didn’t the opposition do more to break it up? The answer is a mix of complacency, incompetence and ideological slippage. Continue reading