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message-Fred, inheritance is a form of income that one does not have to work for and should be taxed. Do you think Paris Hilton should not be taxed when she receives her inheritance? The main reason we have the ballooning national debt is because of the Bush tax cuts. You are living in denial if you think we can keep the Bush tax cuts and pay down the debt. It is not going to happen. Social Security, if nothing is done with it, will still pay full benefits until 2037. Then, it will only be able to pay out about 75% of the promised benefits.

Maybe you should read what Adam Smith, the father of capitalism, said about taxation.

It may surprise you on his views about taxation, especially about a progressive system.