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Why We Need The Estate Tax

The BBC reports: James Murdoch resigns as BSkyB chairman

James Murdoch has resigned from his role as chairman of UK broadcaster BSkyB, but will remain on the board.

The move is part of an effort to distance that company from the phone-hacking scandal at the News of the World newspaper, once a Murdoch title.

It means he no longer has a major role at a UK company. He also stood down as chairman of the newspaper publisher, News International, last month.

To keep losers like James Murdock, Donald Trump, and Paris Hilton from controlling anything of importance, we need an estate tax. It doesn’t make any difference how successful a parent is, that is no indication of the ability of the child. In general the child will not have been subjected to the adversities that the parent overcame to achieve their accomplishments, and is less likely to be able to deal with them.

April 3, 2012   2 Comments