From a Morning Edition story on the estate tax: "40 percent of Amercians believe they will be in the top one percent of income earners by the time they die". Breaking news! 39% of Americans woefully deluded about their prospects in life. A bill repealing the century old tax (which affects only the richest 1-2% of Americans) is expected to pass the Senate this week. It will cost the federal government 1 trillion dollars per decade.
The pervasiveness of Horatio Alger
The estate tax repeal bill, targeting the top one percent, could cost the federal government 1 trillion dollars. Find out more!
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