Tag: Jacob Weisberg

Categories
tax policy

Re-Kill the Death Tax

Next year, the federal death tax — otherwise known as the estate tax — will be phased out entirely. It will be gone. But it won’t stay gone.

This phase-out was part of tax cuts Congress passed in 2001. The death of death taxes should have been permanent. After all, meeting the Grim Reaper is tough enough as it is. As you’re about to expire, do you really want to ponder how 55 percent of what should go to your heirs will be confiscated as soon as your coffin goes into the ground? It’s enough to make you want to skip dying altogether.

Unless Congress acts, come 2012 the death tax will pop back into life, as ravenous as it ever was at a full 55 percent. What will happen as the previous year draws to a close? In a Newsweek column archly entitled “Death, Republican Style,” Jacob Weisberg notes that rich elderly people will have an incentive to die by December 31, 2011. Their kids will have an incentive to “turn off respirators in time for the deadline.” Though morbid and sorta sordid, he has a point.

So what’s the solution? I mean, aside from vilifying the GOP for the political compromise leading to this end game? Weisberg is mute. But if his concern for the elderly is genuine, he could start by urging Congress’s Democratic majority to kill the death tax for good. Then we’d all want to live!

This is Common Sense. I’m Paul Jacob.

Categories
national politics & policies

Must It Be Racism?

One of the two major-party candidates for president is black, the other white.

Obviously, there is much more to say about them. We can talk about their ideas, character, experience, communication skills. Presumably, conscientious voters will choose the person they think can best do the job — regardless of race.

Not so, says Jacob Weisberg of Slate.com. According to Weisberg, given the collapse of the Republicans and the weak economy, everything is stacked in favor of Barack Obama. Therefore, if Obama loses the election, only racism could explain it.

Weisberg offers no coherent argument. He simply asserts that Obama has vastly more advantages than liabilities, while with McCain it’s vice versa. So the right choice is transparently obvious.

And hey, even if you disagree with Obama’s policy prescriptions, at least they’re “serious attempts” to deal with big problems. It doesn’t seem to occur to Weisberg that the “seriousness” of a proposed policy is not what makes it right or wrong. Or that a voter might reasonably consider the actual content of a proposal.

Of course, some voters might reject Obama out of racism. But it’s not self-evident that “racism is the only reason McCain might beat him.”

And would it not be racist, condescending, unjust, and downright stupid for us voters to treat a black man’s qualifications for the job of president as irrelevant, just to prove we’re not racist?

To his credit, Mr. Obama would expect more of us than that.

This is Common Sense. I’m Paul Jacob.