My opinion Jim Kiser: Changing the estate tax draws rich opposition
Tucson, Arizona | Published: 04.21.2006
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There's an old saying, sometimes attributed to Andrew Carnegie, 'From shirt sleeves to shirt sleeves in three generations.'
The idea is that the first generation, often immigrants to the United States in the late 1800s, rolled up their shirt sleeves, worked hard and amassed vast fortunes. However, the pampered heirs to their estates, never having acquired the discipline that comes from having to work for a living, squandered the fortunes. Consequently, their sons and daughters, the third generation, were forced to return to rolled-up shirt sleeves and hard work."
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