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Saturday, April 30, 2005

Tax rich survivors to pay poor survivors.

I am gettting a little tired of advocating saving Social Securty by eliminating the ceiling on FICA and doing nothing else. I have a new idea. How about keeping the estate tax on estates over $ 1 million and committing it to paying social security survivors benifits. Thus the argument agains taxing poor rich kids who lost a parent is countered by the argument that it is needed to keep poor non-rich kids who lost a parent from becoming destitute.

Earmiarking revenues for social security clearly does not have much effect on Republican's enthusiasm for deficit spending, but it is a political winner with a small slightly good effect on policy decisions.

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