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Friday, March 25, 2005

60 Plus coins: "Death Tax", "Personal Accounts"



The Washington Times reports that -- according to Jim Martin of the 60 Plus Association, that the term "privatize" was actually coined by Democrat Sen. Bob Kerrey of Nebraska.

"60 Plus, we should point out, was the first seniors group that some 10 years ago called for the "personalization" of Social Security, so as to modernize the system for future retirees."

"And it so happens that none other than Bill Gates Sr. credits Mr. Martin with popularizing "death tax" over "estate tax."

"Mr. Gates wrote that after Mr. Martin "hammered away day in and day out over a number of years," proponents of keeping the death tax "knew they were in trouble when CNN of all TV networks began routinely referring to the estate tax as the 'death tax.' "