You can't collapse America as long as middle class people have money. The rich don't care about Estate tax because their generational wealth is in trust. In case you were wondering, a trust is a legal person that never dies. Therefore no estate tax.
Middle class can use that also.
It is incredibly difficult to create and have a third party manage an irrevocable trust. Revocable trusts and living wills still end up taxable.
(post is archived)