The issue I have is simply the fundamental inequity of such a tax and the way it is imposed.
I don't think a legacy of insurmountable debt is a good thing either, but I'm not convinced that a tax which singles out wealthy citizens is the best way to go about reducing that debt. That minority of the wealthy already contributed the majority of the government's tax revenue throughout their lives.
Perhaps I don't feel as strongly about the debt issue as you do; I don't have any children -- at least not yet.
I accidentally pressed "Post" instead of "Preview." I meant I don't feel as strongly about using this method of paying down the debt.