'Gates for President' Group Gives Up

netbuzz writes "Dilbert creator Scott Adams had done his best to make this fantasy (or nightmare, depending on your point of view) a viable notion, but after three months of trying the group's leader has acknowledged that it's unlikely Gates will give up his current gig. They've tossed in the towel." Here is our original coverage of this ill-conceived plan.

Comments

Re:Not a Microsoft fan, but better than neo-cons

[rblancarte]

Can you imagine the H1Bs that would in this country though?

Re:Estate tax deduction too high in the USA

[spun]

How would I not be able to afford the taxes based on the one change I mentioned? Based on a $200,000 deduction I proposed and an average priced $264,000 home, that is $64,000 in taxable income. At the current rate, the one time tax burden would be around $13,000. If that amount is going to bankrupt you, perhaps you or your recently departed ancestor should have planned better.

Why should this type of income be treated differently than any other kind of income? How is a parent giving their kids assets different than an employer giving their employees assets? Why should there be a deduction AT ALL?