Well, I would like to join the game, if you guys don't mind.
QUOTE
2003 - $1 million - 49%
2004 - $1.5 million - 48%
2005 - $1.5 million - 47%
2006 - $2 million - 46%
2007 - $2 million - 45%
2008 - $2 million - 45%
2009 - $3.5 million - 45%
2010 - Estate Tax Completely repealed
2011 - $1 million - 50%
2012 - $1 million - 50%
2013 - $1 million - 50% and so on...
Dec 31, 2010, your terminally ill father is in an irreversible coma, he will certainly die within days even with the respirator he is currently on. You are one of 14 children and 67 grandchildren and 19 great-grandchildren. Your father always loved his children and grand children and hated paying taxes. He also failed to protect his assets from an inheritance tax. His estate is wiorth $3 million. If he dies tonight each of his descendents will recieve $30,000, he dies tomorrow that will be $20,000. The last words he spoke before entering the coma was "'Don't let that thieving Uncle Sam get a penny of my money." You can pull the plug with no risk of being caught. Do you do it?
So the question comes down to would I kill a family member for 10,000 bucks even if he said it's okay?
Hell no.
Actually my family went through something similar. My grandmother on my dad's side had a stroke a couple of years ago and was in a coma. She had always told us that she would like us to take her off life support if something like that happens, because she doesn't want to be a burden to her kids and she doesn't want to suffer. Well, my family didn't obey her wish and there was a family member at the side of her hospital bed every other day. She passed away last October, after being on life support for more than a year and a half.
Here's my moral scenario, which also happens to be a true story:
You are a consultant working for a large bio-tech company. The company recently went public and its stocks are sky-rocketing due to a promising project that they are working on, except YOU know that this "promising project" is just something the executives cooked up and is absolutely worthless.
But, on the other hand, the company is also planning on building plants for low-cost AIDS drugs that targets markets in developing countries, which could actually turn out a huge profit AND help people.
Obviously, these information are confidential.
Do you then go public with the information risking your professional reputation, personal safety, and the prospect of cheap AIDS drugs for poor people?
or
Do you just keep your mouth shut?
(FYI, it's not an American company so I don't think anyone here will lose their retirement fund over this.)