Who knew that Teddy, our dear sweet Teddy was a booster for the wretched, billionaire-hating estate tax?
From the LA Times:
Abolishing the estate tax has been a goal of some conservative Republicans since the 1940s, so it’s easy to forget that its modern champion was a president the GOP used to regard as among the greatest the party has produced — Theodore Roosevelt. Like many thoughtful Americans of his era, he believed the disproportionate accumulation of wealth in the hands of a few would make a mockery of our meritocracy and, ultimately, of our democracy. In 1910, he summed up those feelings. “We grudge no man a fortune in civil life if it is honorably obtained and well used,” Roosevelt said. “It is not even enough that it should have been gained without doing damage to the community. We should permit it to be gained only so long as the gaining represents benefit to the community….