Why These Guys Are Dead Wrong

Keep the estate tax, say the billionaires. Sure--they can afford it

It must be nice being a billionaire. You get your own jet. You don't have to work. The maitre d' always has a table for you. Better yet, you can afford the moral high ground. Case in point: last week some 120 moneybags, including the Rockefellers, Bill Gates (through his father, who runs Gates' foundation) and financier George Soros, went public with a petition seeking, of all things, to preserve the estate tax. This is high ground, all right. The estate tax, which President Bush wants to wipe out, stands to cut the fortunes of these rich folks by billions when...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!