I have never understood why the government should get a portion of an estate upon the death of the estate’s owner. The income was already taxed as it was accumulated. Other assets of the estate were also taxed when aquired.
“I have never understood why the government should get a portion of an estate upon the death of the estate’s owner.”
It’s called envy. Democrats don’t think it’s “fair” for some to inherit wealth while others don’t. They literally would prefer to live in a world with less pie for everyone simply to avoid a world with a bigger pie that is less evenly divided than they would prefer.
Of course, the dumbest Democrats still don’t understand the perverse effects of the estate tax on entrepreneurial effort; hence they foolishly imagine that this tax actually generates revenue to help bankroll their aspirations to provide Americans with a cradle-to-grave teat on which to suck...