July 4, 2005
John Walton, one of five Wal-Mart heirs who are ranked among the richest people in the U.S., died with a fortune of $18.2 billion (Obituary, June 28). If all five heirs have approximately the same net worth, their total net worth would be more than $90 billion. Meanwhile, some of their employees are compelled to apply for public benefits funded with tax dollars while Wal-Mart squeezes subcontractors so that they cannot pay a living wage. Regardless of any of John Walton's charitable works, this disparity is a shameful commentary on our society and its tax laws.
July 14, 2010 |
In his July 6 Op-Ed, law professor Ray D. Madoff made a case for the estate tax, claiming that it promoted tax fairness and economic growth. Madoff is wrong on both counts. The estate tax violates common principles of justice and stifles economic growth. Congress should permanently lock in this year's special moratorium on the estate tax. One standard argument against the estate tax is that the wealth of the estate was already taxed (perhaps several times over) while being accumulated.
CALIFORNIA | LOCAL
October 8, 1985
Accolades to Chinese Premier Deng Xiaoping for replacing the aging leaders of the Central Committee and Politburo, with new, younger, better educated technocrats. If Deng and his heirs succeed in their modernization of China, it will be similar to the modernization of feudal Japan, magnified 10,000 times. MONROE LEUNG Beverly Hills
September 29, 1985 |
It's dusk as a van pulls alongside James Dean's grave in a cemetery less than a mile from the stately white farmhouse in which he was raised. The blue Indiana sky is beginning to turn lavender and the cornfield across the street sparkles with the lights of thousands of fireflies. Terry Lee Dunn, 24 and unemployed, slides open the van door and silently contemplates Dean's small, plain gravestone.
October 31, 2008 |
The Minneapolis Institute of Arts has sent a painting by cubist Fernand Leger back to the heirs of a Jewish art collector in France, after concluding it had been stolen by the Nazis during World War II. The museum had owned the 1911 Leger painting "Smoke Over Rooftops" since 1961. But after a decade of detective work, the institute decided to return it to the heirs of noted Parisian collector Alphonse Kann, who died in 1948. "Having researched this to the end of the road, we decided we had to return the painting; it was the right thing to do," Kaywin Feldman, director of the institute, told the Star Tribune for a story published Thursday.
May 15, 1994 |
It was a marvelous life. And Leonard Bernstein, of course, knew it. As a young conductor, he once urged on a student orchestra, telling the players in rehearsal: "Give it all you've got and then crescendo." Having done just that, himself, in the most celebrated musical career in America for the next 45 years, he said, on his 70th birthday: "I feel that I have lived five lives or so already." A few days before he died at age 72, his body no longer able to beat the odds against such an accelerated lifestyle, he began his own elegy: "Cut down in the prime of his youth."
April 19, 2013 |
The heirs of the Budapest-based Jewish banker Baron Mor Lipot Herzog have cleared a major legal hurdle in their decades-long quest to force Hungary to return dozens of artworks from Herzog's collection that were looted during World War II. In 2010, Herzog's great-grandson David de Csepel of Altadena led his family in suing Hungary and three of its museums for the return of more than 40 artworks valued at $100 million, including masterpieces by...