Colbert - Estate Tax is an injustice to children of obscenely wealthy

In a Video from TPM Live Wire on December 2 just a few days prior to the President announcing the tax agreement he had worked out with the Congressional Republicans to have the estate tax exemption moved to $5 million with a tax rate of 35% instead of the no estate tax currently or the $1 million exemption with a 55% rate which can be scene by clicking here comedian / fake news reporter Stephen Colbert mockingly talks about how the tax is unfair shows a picture of Paris Hilton and jokes about his scaring his rich uncle just prior to the year ending so he does not have to pay estate tax.