The Multinational Monitor

October 2003 - VOLUME 24 - NUMBER 10


T H E    L A W R E N C E    S U M M E R S    M E M O R I A L   A W A R D

THE LAWRENCE SUMMERS MEMORIAL AWARD*

The October 2003 Lawrence Summers Memorial Award* goes to Grover Norquist, the conservative activist who runs Americans for Tax Reform.

Asked by National Public Radio's Terry Gross about the fairness of eliminating the inheritance tax, which affects only the richest 2 percent of the U.S. population (.1 percent pay half of the overall estate tax), Norquist said:

"The good news about the move to abolish the death tax, the tax where they come and look at how much money you've got when you die, how much gold is in your teeth and they want half of it, is that -- you're right, there's an exemption for -- I don't know -- maybe a million dollars now, and it's scheduled to go up a little bit. However, 70 percent of the American people want to abolish that tax. Congress, the House and Senate, have three times voted to abolish it. The president supports abolishing it, so that tax is going to be abolished."

"I think it speaks very much to the health of the nation that 70-plus percent of Americans want to abolish the death tax, because they see it as fundamentally unjust. The argument that some who played at the politics of hate and envy and class division will say, ëYes, well, that's only 2 percent,' or as people get richer 5 percent in the near future of Americans likely to have to pay that tax."

"I mean, that's the morality of the Holocaust. ëWell, it's only a small percentage,' you know. ëI mean, it's not you, it's somebody else.'"

Source: "Fresh Air," October 2, 2003.

*In a 1991 internal memorandum, then-World Bank economist Lawrence Summers argued for the transfer of waste and dirty industries from industrialized to developing countries. "Just between you and me, shouldn't the World Bank be encouraging more migration of the dirty industries to the LDCs (lesser developed countries)?" wrote Summers, who went on to serve as Treasury Secretary during the Clinton administration. "I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that. ... I've always thought that underpopulated countries in Africa are vastly under polluted; their air quality is vastly inefficiently low [sic] compared to Los Angeles or Mexico City." Summers later said the memo was meant to be ironic.