>As I said, I'd like to see limits on passing money to progeny, but that's wishful thinking on my part.
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>Do you have children?
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>If I work hard and earn millions of dollars, don't I have the right to leave my money to whomever I want? Or shall I work hard all my life only to have the state take away the fruits of my labor? Oh. Wait a minute. It already does that.


My two wonderful kids, thanks to some first class rearing by their late mother and some terrific school systems, both have excellent careers and can support themselves.
My two superstar grandsons seem to be on similar arc, again thanks to some great rearing by their parents and a pretty good school system here in Hamilton.
If I never leave them a penny, they'll do fine because of the family and community structure they've had supporting them at each step of their development.
We are all concerned about the high cost of college facing them, and I might want to help out there, but I'm convinced that they'll do it whether I help or not.

Of course I want them to enjoy the money I've earned. What parent wouldn't?

I'd like to see a tax system that allows parents to pass on moderate amounts to their families tax free to help them get started.

My concern is with surplus wealth that can't possibly be needed being passed from generation to generation and not being taxed at high rates.
That is untaxed income and it is unearned income.
I've had to earn every dollar I've made and I've paid some high tax rates along the way.
I'd like to see everyone do that.

Inherited surplus wealth creates a permanent privileged class that has done nothing to earn that privilege, just as welfare critics say that with some validity that welfare dependency creates a permanent underclass.