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.
Exactly. My former employer owned the building her business and two other businesses were in, her small, older home and her car plus whatever her investment portfolio was. It all had just enough value that her daughter was going to have to pay the death tax, although she wouldn’t be able to afford it, because there wasn’t a lot of cash.
The injustice is that taxes have already been paid on most of anyone’s estate and then the whole is taxed yet again.