Can anyone give me a reason why Abigail Johnson, gifted with every possible opportunity and leg up, should not pay an inheritance tax when she eventually inherits her father's multi-billion dollar fortune? She's already richer than he is, $11.3 billion to $7.1 billion.
Other than middle class conservatives who defend this permanent aristocracy of money, is there anything more ridiculous than the structure of investing, which permits people like the Johnsons to cream off billions, when they can't even consistently beat index funds?
If you're not an investment professional, don't try to compete with these lawful thieves. But also don't let them take a cut of your money. Put it in a no-load index fund and step back. Or be a pigeon, your choice.
The US Navy just lost another war
15 hours ago
