Billionaire says phrase 'death tax' is 'dead wrong'

And it is dead wrong, because the vast majority of Americans will not be subject to the GOP's so-called "death tax" when they die. From CNN Money:

Warren Buffett thinks those who use the phrase "death tax" are intellectually dishonest because the phrase in his words is "clever, Orwellian and dead wrong."

The billionaire investor has been an outspoken critic of efforts to repeal the estate tax and in testimony at a Senate Finance Committee estate tax hearing on Wednesday, he told lawmakers that you'd have to attend 200 funerals to be at one where the family of the deceased would owe estate tax.

Buffett said if anything the estate tax is a "death present" because heirs figure their capital gains on inherited assets based on the price when they inherited them rather than when the decedent bought them. [...]

"I believe in keeping equality of opportunity," said Buffett. "You don't get to be a quarterback ... because your father was a quarterback 20 years ago."