Fareed Zakaria: Americans should give half of inheritance to government

(By Alex Pappas, The Daily Caller) - Time magazine columnist and CNN host Fareed Zakaria says Republican presidential candidate Herman Cain’s “9-9-9” tax reform plan is “sloppy and, in parts, bizarre.”

So he offered his own version of a tax reform plan in his weekly column in Time. In it, Zakaria argues that Americans should give the federal government half of what they inherit.

“I would enact a 50 percent inheritance tax, because nothing is more un-American than an inherited elite that perpetuates itself,” Zakaria wrote for the magazine.

The columnist, however, didn’t attack Cain’s plan — which throws out the current tax system in favor of a 9 percent corporate tax, a 9 percent income tax and a new 9 percent national sales tax — with the ferocity others have.