Buffett is afraid that if the Death Tax is repealed he will no longer be able to buy up estates at fire sale rates from people selling to pay death taxes. What a jerk. That would cut off his gravy train.
Warren Buffett thinks that inherited wealth weakens and corrupts people, and can ruin their lives. I can’t say if he’s right or wrong, because I’ve never inherited anything. But unlike others here, I do not doubt Buffet’s sincerity. One Buffet story concerns the time his daughter wanted to remodel her kitchen, and he advised her to go to the bank for a loan!