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View Diary: Class Warfare: 18 Families financed Estate Tax Repeal Campaign (300 comments)

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  •  And his dad... (9+ / 0-)

    ...is an outspoken supporter of the estate tax. So apparently his legacy to his son was the philanthropical bent.

    That's the thing -- the people on that list want their progeny to inherit all of their fabulous STUFF, but they don't give a crap about what kind of world that means the kids will wind up living in.

    •  Their kids will be fine (1+ / 0-)
      Recommended by:
      SleeplessinSeattle

      Their kids will be rich enough, especially with the extra billion$ not paid to that 'unfair' tax, there is no worries what the world will be like for our kids.

      They'll never see us.

      •  Actually, I think Bill follows his Dad's theory (3+ / 0-)

        Which is that you don't give the kids very much at all, but make sure they have a good education and make them make their own way in the world.

        Gates's father helped him out a little in the beginning, but Gates's wealth was made by Gates and his associates himself.

        I wouldn't expect his kids to end up with trust funds and a free ride.

        RULE OF LAW. That's all the reason you need to oppose Republicans.

        by nightsweat on Wed Apr 26, 2006 at 07:13:43 AM PDT

        [ Parent ]

        •  Clarification & Films/Shows to watch -- 1% (2+ / 0-)
          Recommended by:
          TracieLynn, lanellici

          Sorry nightsweat,

          I wasn't very clear.

          By "their" and "they" I meant the "they" as defined by TracieLynn's comment above and the list of 18 families not Bill Gates and his children.

          However, I don't think you can convince me we'll ever see a Bill Gates heir waiting in a soup line. Being given the best in life from food and clothes to education to access and a name that gets you handshhttp://akes and press is a great set up in life even if you don't have oodles of dollars to play with. Most people even if we restrict the sample to just North Americans don't have that kind of start in life and we spend our entire life struggling to acheive even a fraction of what the Gates children will have by the time they are twenty-five.

          I do admire the idea about the children making their own way. It makes for a better more fulfilling life.

          Oprah did a show on just this sort of thing last week. It featured Warren Buffet's granddaughter who is middle-class (but well educated and positioned) and the heir to the Johnson & Johnson fortune who just happens to have a new film out called The One Percent which is premiering at the Tribeca Film Festival on April 29th (he filmed his own family).

          According to The One Percent, since 1979...

             * The top one percent of Americans own roughly 40 percent of the country's wealth.

             * The top one percent possesses more wealth than the bottom 90 percent combined.

             * An average member of the top one percent earns roughly $862,000 a year while a majority of Americans earn only $34,736. That's what the average CEO earns in less than one day of work!

          Also the week before Oprah did a show on what it is like to live on Minimum Wage featuring the guy who did Supersize Me and does a show called 30 Days. He and his girlfriend lived for 30 working low-wage jobs.

          I wish Lee Scott who runs Wal-Mart and earns the equivilant of $9,000.00+ an hour and the entire Wal-Mart clan had to live on Wal-Mart cashier's wages for a year.

          But after watching that Oprah on Class in America I think the other 99% are often our biggest enemies in getting along and getting by.

          •  Sure, but... (1+ / 0-)
            Recommended by:
            TracieLynn

            However, I don't think you can convince me we'll ever see a Bill Gates heir waiting in a soup line. Being given the best in life from food and clothes to education to access and a name that gets you handshakes and press is a great set up in life even if you don't have oodles of dollars to play with.

            Yes, but there's no way around that unless you insist that the children of well-off people are removed from them and raised anonymously by someone else.  it's simple human nature: if you can't suck up to Mom and Dad to get something, you try sucking up to the kids in order to get access to Mom and Dad.  Not a thing that can be done about it.

            So yeah, the kids are going to have a head start.  Just like I had a head start with my working class parents over someone from a broken home with an unemployed single parent who can barely afford the week's groceries, and just like someone in that position in Canada has a head start over someone in a similar position in a slum in Indonesia.

            That's life.  Complaining about it is like complaining about the weather: it might make you feel better but it ain't going to change things.

    •  His dad (and partners) fired Abramoff, too (3+ / 0-)

      On the grounds that he was too unprincipled.  They particularly didn't like representing the slimeballs from Saipain/Marianas.  You know, the sweatshop, sex trade bunch?  It cost them millions in billings.  But in the end, they came out better for it, dontcha think?

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