Follow Roosevelt on inheritance taxation
President Donald Trump is calling for the elimination of the inheritance tax.
President Teddy Roosevelt advocated an inheritance tax. In 1907, he said: “I do not believe that any advantage comes either to the country as a whole or to the individuals inheriting the money by permitting the transmission in their entirety of such enormous fortunes as have been accumulated in America...
“Such a tax would be one of the methods by which we should try to preserve a measurable equality of opportunity for the people of the generation growing to manhood.”
His view is pertinent today, as well.
ARNE SIEGEL, PALM BEACH GARDENS