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.
2 comments
with regards to James the only surprise is how long he’s taken to quit. I think NI’s complete takeover of BSkyB is buggered now even if a reincarnated Mother Theresa takes over the chair
With the revelation that SkyNews authorized hacking, BSkyB will be lucky if it keeps its broadcast license at all. It is the only thing that Murdoch owns that is making any real money at the moment, and the UK authorities are not going to be too happy with anything they do.