Marxist Solution to the Financial Crisis: Death Tax

September 15, 2010 07:06

The third point in Karl Marx’s 10 point program of communism in the communist manifesto is ‘Abolition of all rights of inheritance‘. A confiscatory ‘death tax’ provides the effect.

Liberal Solution to the Financial Crisis: Death Tax

by Kate Obenshain at Human Events


‘After quadrupling the deficit in less than a year, and spending more on “stimulus” programs than on seven years of the Iraq War, liberals think the solution to our economic woes—they call it a revenue problem, not a spending problem—is to bring back the costliest tax the government has yet to devise: the death tax.’

‘When the death tax hits, the heirs of a business have to worry about finding cash to pay 45% to 55% of the value of their inheritance, including businesses or farms, to the government.’

‘Consequently, they are not able to expand their business or hire new workers. Instead, money that would build businesses and in turn our economy goes to the government for it to redistribute to others, or just to squander, as it sees fit.’

‘It can hardly be called a tax: these are assets that have already been taxed once, when they were earned. This is the act of confiscation and there is no justice or common sense behind it. ‘

‘Rubin is right: “The estate tax is grounded in powerful philosophical underpinnings.”’

(Yes, philosophical underpinnings of Karl Marx – Editor)


Excerpt from Karl Marx’s:

Manifesto of the Communist Party

‘The Communist revolution is the most radical rupture with traditional property relations; no wonder that its development involved the most radical rupture with traditional ideas.

But let us have done with the bourgeois objections to Communism.

We have seen above, that the first step in the revolution by the working class is to raise the proletariat to the position of ruling class to win the battle of democracy.

The proletariat will use its political supremacy to wrest, by degree, all capital from the bourgeoisie, to centralise all instruments of production in the hands of the State, i.e., of the proletariat organised as the ruling class; and to increase the total productive forces as rapidly as possible.

Of course, in the beginning, this cannot be effected except by means of despotic inroads on the rights of property, and on the conditions of bourgeois production; by means of measures, therefore, which appear economically insufficient and untenable, but which, in the course of the movement, outstrip themselves, necessitate further inroads upon the old social order, and are unavoidable as a means of entirely revolutionising the mode of production.

These measures will, of course, be different in different countries.

Nevertheless, in most advanced countries, the following will be pretty generally applicable.

1. Abolition of property in land and application of all rents of land to public purposes.
2. A heavy progressive or graduated income tax.
3. Abolition of all rights of inheritance.
4. Confiscation of the property of all emigrants and rebels.
5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.
6. Centralisation of the means of communication and transport in the hands of the State.
7. Extension of factories and instruments of production owned by the State; the bringing into cultivation of waste-lands, and the improvement of the soil generally in accordance with a common plan.
8. Equal liability of all to work. Establishment of industrial armies, especially for agriculture.
9. Combination of agriculture with manufacturing industries; gradual abolition of all the distinction between town and country by a more equable distribution of the populace over the country.
10. Free education for all children in public schools. Abolition of children’s factory labour in its present form. Combination of education with industrial production, &c, &c.’

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