Whenever Seattle Times publisher Frank Blethen catches a cold, he hocks up a loogie of an editorial, railing against the estate tax. But do this too often (say… more than about once a month) and readers will start tossing out the op/ed section like the soggy piece of Kleenex it sometimes is. So today Frank tried a new approach at blowing out his selfish message… he actually bought an ad in his own paper!
Andrew’s got the full text and a great analysis over on the Northwest Progressive Institute Blog. He does a great job of deconstructing the ad’s many lies and misrepresentations… and I really love this quote he found that nails Frank’s incessant whining, dead on:
Three generations of Blethens have managed to keep their inheritance in the family despite a much higher estate tax than the Times now rails against. If the current generation proves unwilling to make the same kind of sacrifices as their elders, then the Blethen family should blame itself, not the tax code.
Man… that David Goldstein guy really knows what he’s talking about.
The estate tax is being gradually phased out through 2010, when it will be repealed for one year, before returning in 2011 at the old rates and thresholds. Barring legislative action, I fully expect Frank to take his own life in 2010 (it would be the financially prudent thing to do) so as to guarantee another generation of Blethens expectorating on the op/ed page. Of course, Frank would prefer to live, and thus had hoped that the Senate might permanently repeal the estate tax this week. But apparently the votes weren’t there, so Senate Majority Leader Bill “Kitty Killer” Frist has put off a vote until September.
That gives us plenty of time to contact Senators Patty Murray and Maria Cantwell and ask them to hold firm against shifting $23.4 billion in taxes off the very richest US families and onto the backs of the poor and middle class.