Estate taxes equalize economic starting points

Think of it this way, if you wanted to make sure that rich kids never contribute to society, then allow them to keep all their parents` money.

Without a way to reset wealth, not grab taxes, society would spiral into the very few rich people and the very many poor people.

Money, or wealthier people call it equity, is a tool of society.  It is not a personal tool.  It rewards work, or it used to.  It was never meant as a cudgel to keep people down by the few that can buy everything else. More money equals more help, more lawyers, more lobbyists, more means to keep power without personal risk. It makes it harder to compete when the playing field is not close to fair.  What is fair, no idea, it`s a four letter word for a reason.  Fair isn`t making one side risk everything while the other side risks a margin of their bottom line. 


At the same time, like competitiveness with businesses and industry, there is no way to make inroads to novel ideas, novel products, more efficient and less expensive ways if your opponent can simply reach into the family war chest and spend your company into the ground. 

Look at all the ideas that we couldn`t get because existing companies neutralized better ideas with anti-competitive practices!  Society gets better when we get more efficient, more productive, easier, and safer.  Less is wasted when society and our technologies improve. One way to avoid stagnant legacies is to stop family legacies from holding society back.