- March 7 - As debate continues over President Bush's tax cut plan, Billionaires for
Unlimited Inheritance, a coalition of the mega-rich, will come together
Wednesday in Newark to call for the complete abolition of the estate tax. They will declare their support for Senator Robert Torricelli, who has
voted to abolish the tax, and urge him to stand strong against the
proponents of "tax fairness" and "justice."
The Billionaires for Unlimited Inheritance will rally WEDNESDAY, MARCH 7, at
12:30 p.m. outside of Senator Torricelli1s Newark office at 1 Riverfront
Plaza with songs, speeches, and chants. The rally was postponed from Monday,
March 5, as the Billionaires feared snow damage to their furs.
At the Republican and Democratic conventions this summer, the Billionaires
were out in full force, holding a Million Billionaire March to demonstrate
their influence over the candidates and show off their fiscal prowess. They
were featured in the Washington Post, Philadelphia Inquirer, Boston Globe,
BBC, Time Magazine, and several major networks in Philadelphia and Los
Now that the election season is over, the Billionaires are focusing on tax
cuts for themselves, particularly the abolition of the estate tax. "A tax
aimed at the top 2% is a tax aimed at us," said co-chair Phil T. Rich."We've paid far too much in campaign contributions to pay these taxes as
"Moreover," added co-chair Robert Baron, "how can we cultivate a sense of
entitlement in our children if we can't promise them massive untaxed
Rich added that eccentrics like Warren Buffett who recently expressed
support for the estate tax are a clear minority. "Look carefully at who
issued that Responsible Wealth statementsome of them are piddling small
business people! We know that Senator Torricelli will support the
outrageously rich and end the estate tax."
Representatives of Billionaires for Unlimited Inheritance are available for
interviews. There will be many humorous PHOTO OPPORTUNITIES. More
information about the organization is available at the website
Billionaires for Unlimited Inheritance is a non-partisan spoof created by
United for a Fair Economy to draw attention to the connection between estate
tax repeal and economic inequality.