This is what Trump actually proposed:
Repeal the inheritance tax to offset one-time wealth tax
"I would impose a one-time, 14.25% tax on individuals and trusts with a net worth over $10 million. For individuals, net worth would be calculated minus the value of their principal residence. That would raise $5.7 trillion in new revenue, which we would use to pay off the entire national debt [and shore up the Social Security Trust Fund].
My proposal would also allow us to entirely repeal the 55% federal inheritance tax. The inheritance tax is a particularly lousy tax because it can often be a double tax. If you put the money into trust for your children, you pay the inheritance tax upon your death. When the trust matures and your children go to use it, theyre taxed again. Its the worst.
Some will say that my plan is unfair to the extremely wealthy. I say it is only reasonable to shift the burden to those most able to pay. The wealthy actually would not suffer severe repercussions. The 14.25% net-worth tax would be offset by repeal of the 55% inheritance-tax liability."
Source: The America We Deserve, by Donald Trump, p.170-74 , Jul 2, 2000
You can agree with Trump or not but please make sure you tell the whole story. Not just the part that bolsters your argument. That is what liberals do.
A 14% wealth tax would lead to the liquidation of many businesses in order to pay the tax to the IRS. It would be horrific for the economy. At least death taxes don’t always lead to liquidation as the assets can be placed into a family trust.
But I do applaud Trump for wanting to repeal the death tax. I am sure, however, that there are many GOP candidates who also want to repeal the death tax and not impose a crippling wealth tax at the same time. Perhaps we could choose one of those candidates.