Sunday, April 13, 2014

Uncle Sam Revives Feudal Practice to Collect From Children of Debtors

Holding children responsible for the debt incurred by their parents is a feature of historical feudalism and a few modern third-world sh**holes. ✧ Developed countries, by and large, assume that a debt dies with the person who willingly incurred it, or at least stops with his or her estate. "By and large," I write, because the U.S. government has broken with centuries of tradition holding individuals responsible for their choices, opting to withhold tax refunds from children whose parents incurred vague and often ill-documented obligations to the feds.

Read more at Reason.com

Oh, man! This is going to be hard to fight! --bc

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