“no reason why preferential tax treatment should extend beyond the grave”
By that logic, then the inheritance tax should be 100%. I personally like the ability to bequeath assets to our children to give them a better start in life. I especially like being able to do that on a tax-sheltered basis. Why should the government get their grubbing hands on MY saved assets just because I happen to pass away? It is SO much better for society as a whole if we pass that down to our progeny and encourage them to save for THEIR futures.
> By that logic, then the inheritance tax should be 100%.
False dichotomy. One of the aims of the “inheritance tax” is to prevent the rise of landed aristocracies. Have the kids work for their living and not be trust fund babies.