Businessman Quote by Hans F. Sennholz
“In expectation of his demise, a successful businessman may sell out to his competitors to prepare his estate with readily marketable securities, such as U.S. Treasury bonds. The confiscatory death tax eliminates many family enterprises and promotes the growth of giant corporations.”
About This Quote
Source Book: Economics of Tax Policy, 1995
High estate taxes push owners to liquidate assets, favoring large firms over family businesses.
In simple terms: Estate taxes force sales, helping big corporations grow.
Consider tax reforms to protect family enterprises.
Themes
Mood
Type
When to use this quote
- estate planning
- family business succession
- corporate acquisition
- financial advising
Key Concepts
Questions to Reflect On
- How could estate taxes be structured to protect small businesses?
- What alternatives exist to preserve family enterprises?
Tax policy may also fund public services, balancing effects.