Incredibly stupid.
It fits with the planks of the Communist Manifesto, the elimination of inherited wealth. I investigated a combine fire today. The combine costs $287,000 new. The farmer has several tractors, buildings, and 3000 acres of land, but he was not rich in money by any measure. He said that it COST him about $500 per acre to plant his crop and I doubt that after he paid his help and equipment payments and repair that he made $25 an acre.