Video: Hillary Clinton’s death tax love
posted at 1:18 pm on December 12, 2007 by Bryan
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We need to keep our eyes on the big picture. Hillary Clinton is still a statist-in-waiting who wants to use the awesome power of the state to take your property away. I wish I was making that up.
Here she is on CNBC’s Fast Money yesterday, touting the death tax as a way to prevent wealth accumulating generation after generation. As if that’s any business of government. Her death tax remark is about 2:30 in. If she’s serious about it, I have a family in mind for her to try it out on.
“It’s really a tax to prevent us from having inherited wealth generation after generation, which would really undermine the kind of spirit and meritocracy that the United States stands for.”
That’s class warfare, pure and straight.
This comment fits hand-in-glove with her comment a few months back that she wants to confiscate oil profits and use them for her pet schemes. Clinton is a menace, and America truly can’t afford her ideas.
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Duh.
I mean, I agree. :D
JayHaw Phrenzie on December 12, 2007 at 1:21 PM
Umm… which one of Che Edouardogueverra’s’ Americas is Stalinary living in?
Frozen Tex on December 12, 2007 at 1:24 PM
Stalinary is the baseball; America needs a Nutty Buddy.
Frozen Tex on December 12, 2007 at 1:25 PM
So she really thinks it’s immoral and wrong to pass your wealth on to your heirs? Are there really so many voters out there who never expect or even hope to accumulate enough in their lifetime to be able to pass something on to their children that they’d enthusiastically support this kind of thing? That’s a sad, sad state of affairs if true. Whatever happened to wanting to give your kids and grandkids a better life than you had, or even just as good a life as you had?
Incidentally, I wonder if Chelsea knows about her mother’s belief that she shouldn’t get a bit of her parents’ wealth when they die since that would be unfair to others and would make poor people not want to try anymore (or something like that).
aero on December 12, 2007 at 1:27 PM
She’s an ignoramus about economics. Look at her shake her head…give me a break. That quote from her was ugly. Just ugly. Unfrickinreal.
More stupidity.
Hillary interview with Bartiromo
The personality of a career bureaucrat. A walking unelectable disaster.
benrand on December 12, 2007 at 1:30 PM
Upon reflection, it would seem that in Hillary’s ideal scenario, everyone should have to start with nothing. And if you rise too far above anyone else, the government should take away the excess to keep things fair. How is that an incentive for people to pursue “the kind of spirit and meritocracy that the United States stands for”? It’s not a meritocracy anymore if you’re not allowed to keep or pass on your “merits.”
aero on December 12, 2007 at 1:32 PM
BTW, do you actually think that Hillary and Bill, if they are indeed married, would ever let their wealth be stolen like she suggests for others?
No effing way. Liberals are some of the greediest little slobs.
benrand on December 12, 2007 at 1:33 PM
That’s high talk from a candidate whose main qualification is her hubby.
pedestrian on December 12, 2007 at 1:37 PM
Uh, Hill, how do explain the inherited wealth of the Kennedy family, or of Theresa Heinz Kerry, in spite of the continued existence of the death tax?
Then what, Hill, is your stance on
racial preferencesaffirmative action, which also undermines meritocracy.Bigfoot on December 12, 2007 at 1:39 PM
Inherited wealth generation after generation……
Hmmmm. Does the name Kennedy mean anything to this woman?
Class warfare plays well to the moonbats but I wonder how it will play in a general election.
highhopes on December 12, 2007 at 1:41 PM
Oh, yeah, allowing me to pass the money that I’ve earned to my children is really un-American. Seizing it and redistributing it to bureaucrats and other people’s children– that’s really American. As long as by “American” you mean “socialist.”
morganfrost on December 12, 2007 at 1:44 PM
Am I missing something here? So if my dad & granddad worked hard, I shouldn’t get that wealth? I’m sure Hildebeast & Billy Jeff don’t intend to pass their money on the Chelsea.
amerpundit on December 12, 2007 at 1:44 PM
I suppose the $5000 for every child in America wasn’t so much based on a meritocracy. Everyone starts with zero is fine by me.
Warren Buffet: Oh I don’t know about the dollar, but the chairman is doing a better job than I could.
Jim Rogers: I have totally abandoned the US Dollar.
Not even financial TV journalists will ask Buffet about the Rogers’ position.
gabriel sutherland on December 12, 2007 at 1:45 PM
No, if you look at the Clinton Library scam… they are planning to pass OTHER peoples money on to their daughter.
Romeo13 on December 12, 2007 at 1:47 PM
I guess I’d have to vote for Huck over this.
Bill C on December 12, 2007 at 1:49 PM
I don’t always comment here on HA but this crap from Hillary is just wrong.
Who does she think she is that she can say who gets the inheritance after someone dies?
Warren Buffet is such a fraud. Isn’t the primary reason he put his money into Bill Gates’ foundation to avoid taxation? Rich people saying that the tax cuts affected only them, are idiots.
*furious*
Utah Boy on December 12, 2007 at 1:51 PM
What a freaking communist! She must be stopped.
CP on December 12, 2007 at 1:58 PM
If the trust shelters, under which I’m confident Mr. Buffet has his wealth protected, was removed, such that all holdings, including those in a trust, were subject to the tax, would Warren be standing there, nodding approvingly? I think not.
The very, very rich support the death tax because they are immune. Their heirs will have money dribbled out of the trust fund, where the IRS can’t touch it. Remove the big shelters of the very rich, and support by them will disappear in a flash.
iurockhead on December 12, 2007 at 1:59 PM
[this post]
BOOM! Nice salvo, Bryan.
RushBaby on December 12, 2007 at 2:06 PM
The falling dollar helps America in several ways. It helps exports become more attractive, it helps our deficit to shrink. . . because the deficit grew when dollars were worth more. . . now there is still the same amount of deficit, but it isn’t worth as much.
As for the Death Tax, Hillary responded about how I would expect either Putin, or any soviet area leader would. UnAmerican indeed.
ThackerAgency on December 12, 2007 at 2:17 PM
I forgot to prop up Hillary for including the best macroeconomic analysis EVAR. “Under Clinton we had a great economy that tanked once Bush was elected.”
Never ever mention that the recession began DURING Clinton’s last 18 months in office.
I guess Hillary’s plan is to wait it out, raise taxes and pray for globe.com opening on the Nasdaq at $15 and closing at $850. That economy was so much easier on the White House.
gabriel sutherland on December 12, 2007 at 2:28 PM
“Play by the rules, get educated, become successful and wealthy, and we’ll take it all away because you were bad and evil for playing by the rules.”
She’s worth what, $40 million? Thereabouts?
At least oil companies provide something useful to me to get their “windfall profits”.
I think Michael Savage is right.
A mental disorder is the only way I can explain this garbage.
Hawkins1701 on December 12, 2007 at 2:36 PM
I forgot to prop up Hillary for including the best macroeconomic analysis EVAR. “Under Clinton we had a great economy that tanked once Bush was elected.”
Never ever mention that the recession began DURING Clinton’s last 18 months in office.
I guess Hillary’s plan is to wait it out, raise taxes and pray for globe.com opening on the Nasdaq at $15 and closing at $850. That economy was so much easier to do nothing about.
gabriel sutherland on December 12, 2007 at 2:38 PM
Marvelous!
Now we get to see what Che Hillary’s hidden agenda really is.
How many Americans of any political stripe are going to consciously vote for anyone who comes right and says that they will confiscate their families wealth?
G-man on December 12, 2007 at 2:47 PM
Am I the only one who can’t see the embedded video?
Could someone please post a link?
photom on December 12, 2007 at 2:48 PM
She is saying that even if your father worked as hard as he could to provide for you and generations past you, that is immoral.
I mean, the spirit and meritocracy and all that, people have it BECAUSE PEOPLE WANT TO LEAVE SOMETHING TO THEIR KIDS WHEN THEY DIE!!!
This woman is a complete MORON. Leftism is the philosophy of the incredibly arrogant and stupid.
Good Lord is she an idiot.
benrand on December 12, 2007 at 2:55 PM
RE: the Clinton economy
I think Rubin was playing some games there. Very craftily playing some games.
It’s been a while since I checked indicators from back then, but there were some very interesting things to look at.
benrand on December 12, 2007 at 2:57 PM
Around February 93, shortly after Hillary’s husband was inaugurated, I happened to run into Bill Galston, probably the only sentient being in the early Clinton White House, at a Washington party. He was lecturing us on why the death tax was good, because it forced people to use their money productively, instead of wasting it by leaving it to their kids. Ok, that’s my version of what he said, but it’s actually very close.
The idea — coming from a sensible liberal like Galston — that we know better than you how you should use your money doesn’t bode well for a Hillary administration.
Attila (Pillage Idiot) on December 12, 2007 at 3:10 PM
When did grave robbing become the American Way ?
elgeneralisimo on December 12, 2007 at 3:21 PM
The same idea was spouted by a character on “West Wing” several years ago, when another asked why Dems were in favour of high taxes.
Frozen Tex on December 12, 2007 at 3:21 PM
I’m ultra-conservative, but there is a fairly good reason for a death tax, though not like the one we have now. When they über-rich pass away, they should be able to leave their kids or relatives, say $10 million each (inflation adjusted), tax free. Otherwise, they will in fact be creating an aristocracy. Just look at the Kennedys.
Kevin M on December 12, 2007 at 3:31 PM
Openly evil, and openly criminal. And yet, people will vote for her….
ScottG on December 12, 2007 at 3:47 PM
I’m sorry Kevin but you are going have to explain how it is the state’s role to determine just how much one can leave to their kids. Why the $10M threshold instead of (for example) $1M or even $500,000? It isn’t the dollar amount that is wrong with your argument but the idea that it somehow is government’s role to regulate just how much an individual can inherit.
Besides, the uber-rich hire people who know how to protect assets from the tax man. The Kennedy’s for example, keep their money in one of those private banks down on some island in the Carribean.
highhopes on December 12, 2007 at 4:00 PM
I can’t see it either
clghitis on December 12, 2007 at 4:22 PM
If we had a newsmedia worth their salt, then the next reporter who gets a crack at Hillary ought to ask how Hillary’s death tax and statements jibe with the foundations they’ve set up for Chelsea.
In short, Hillary wants to grab the wealth of those who only have somewhat modest amounts to pass on, anything held by the uber-rich will have already been vested in tax shelters, foundations and other mechanisms.
–Jason
Jason Coleman on December 12, 2007 at 4:24 PM
Lucky for her, and all the libs, the public is only told “the middle class is disappearing”… but the MSM makes sure we aren’t told where the middle class is disappearing to:
http://www.townhall.com/Columnists/WalterEWilliams/2007/12/05/income_mobility
RightWinged on December 12, 2007 at 5:37 PM
Amen to that, brother. Buffet is always saying that he doesn’t pay enough taxes. Well, there was a great column by someone, can’t remember who, who pointed out that there is absolutely nothing stopping Buffet from writing a check to the Federal Govt. So what he really means is that he wants other people to pay more taxes.
The people who really get hit by the estate tax are the farmers and small business people who have significant assets all tied up in their business. When they die their heirs have to sell everything to pay the taxes. The ultr-rich have so much money that they get around this issue via loopholes.
Snidely Whiplash on December 12, 2007 at 6:35 PM
Wow – may have a recession if unemployment rises.
In other news, if it rains, we may get wet.
While Bryan probably got revved up by the death tax lines alone, she goes on to spread quite a LOT of BS in that clip – although the ‘keep people from accumulating generational wealth’ line was about as nakedly communistic as it gets.
Did anyone stay with it long enough to hear her comments on the economy in general? Yep, pay attention kids, she recited that one chapter and verse out of the “It’s the economy, stupid” Playbook, written by Bill with James Carville as ghost author. She also slid in the “oh, but the economy was GREAT in the 90’s” swill, along with the ‘we had a balanced budget and no deficit’ flat out lie.
IIt was also an adroit display of now it is, now it isn’t with her discussion of the AMT debacle – lamenting, all at the same time, the ‘lost revenue’, the failed chance to make up the ‘lost revenue, then, while blaming the entire Democrat induced mess on President Bush, declaring how completely unfair it would be to have millions of taxpayers caught up in the AMT net because it hadn’t been ‘fixed’ (which, of course, she TRIED to do, only to be stymied by those eeeevil Republicans).
At least Bill had the ability to make it sound, for about 30 seconds or so, like he was actually saying something rational…with Hill, however, you don’t really have to re-analysis what just came out of her mouth – you can tell she’s full of crap, and lying just as fast as she can.
Wind Rider on December 12, 2007 at 6:42 PM
If Hillary believes in a Meritocracy, then why is she running for President?
Buy Danish on December 12, 2007 at 6:50 PM
…and we have no clue what all she’d do once elected. These are just the items she chose to talk about…Poison to all things “free”.
Entelechy on December 12, 2007 at 7:56 PM
WTF? There’s something WRONG with passing down wealth to your children??? The STATE should get it when we die? And the scary part is she ADMITS this crap and people STILL want to vote for her. Kill me now.
JustTruth101 on December 12, 2007 at 10:57 PM
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