I'm fine with someone being rewarded for their hard work. I can even accept their children getting to reap some of those rewards. But the ultra-rich often leave enough money for generation after generation to live in luxury.
I'm not sure letting the government take a chunk of it is the best option. I'd prefer to give incentives towards donating to good causes as Bill Gates has. Fund health and education initiatives the prevent disease and poverty to level the playing field. If people insist on being greedy then you can lay an estate tax on them.
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