By far the best hope for improving the standard of living from one generation to the next is for minority-owned businesses to grow and prosper. But a 1995 Kennesaw State College study found that half of minority businesses failed or were unable to grow because of the legal, accounting, and insurance costs of funding the Death Tax. The truth is, abolishing the Death Tax as California did by an initiative of the people passed with nearly two-thirds of the vote would promote economic growth. More than 225,000 jobs would have been created. Had we heeded this advice when it was first brought to our attention, we would be reaping these benefits today.
Government imposes sin taxes on cigarettes and alcohol.
The Death Tax, however, stands this logic on its head. The Death Tax is the opposite of a sin tax. It is, in fact, a tax on virtue. After you have worked to put food on the table, clothes on your back, and a roof over your head, the most powerful reason you have to continue working is to provide for your family or your loved ones. The Death Tax seeks to repeal this powerful instinct of human nature, discouraging additional work by the most experienced of our society.