Snowball

Huey Long's Share Our Wealth radio address 1934: 

But the Scripture says, ladies and gentlemen, that no country can survive, or for a country to survive it is necessary that we keep the wealth scattered among the people, that nothing should keep the wealth scattered among the people, that nothing should be held permanently by any one person, and that 50 years seems to be the year of jubilee in which all property would be scattered about and returned to the sources from which it originally came, and every seventh year debt should be remitted.

Those two things the Almighty said to be necessary—I should say He knew to be necessary, or else He would not have so prescribed that the property would be kept among the general run of the people, and that everyone would continue to share in it; so that no one man would get half of it and hand it down to a son, who takes half of what was left, and that son hand it down to another one, who would take half of what was left, until, like a snowball going downhill, all of the snow was off of the ground except what the snowball had.

The disastrous Republican tax plan being hammered out in Congress now will either repeal or greatly reduce the estate tax.  Here is how that would affect the snowball.

Mother Jones spoke with Americans for Tax Fairness, an advocacy group focused on progressive tax reform, about how these changes to the estate tax will benefit the ultra-wealthy, specifically the top 15 richest Americans, as ranked and reported by Forbes. If the exemptions are doubled, each estate would save $4.4 million for a couple, or $2.2 million for a single person. And if the tax is repealed, that’s where things get interesting: According to numbers crunched by Americans for Tax Fairness, in that scenario, the people who inherit money from this tiny group of people could potentially save more than a whopping $300 billion combined. And the families of GOP-megadonors Charles and David Koch could collectively save nearly $39 billion, while the heirs of Republican kingmaker and moneyman Sheldon Adelson could be looking at $14 billion.

Aaanyway. Here are some photos of a big kitty in the snow today to cheer everyone up.