It's one of the few taxes that I think are completely valid. When you're dead, you don't need your income anymore, so there's really no negative impact to you. Yeah, it impacts your heirs, but you can provide for them in other ways, like paying for their education, giving them gifts while you're alive, etc.

If you read into it, it's even crazier. Imagine you have a wealthy couple with 3 kids. Each kid can inherit $13 million from each parent. So if things are done right, there won't be any inheritance tax unless this hypothetical couple have over $78 million (and there are other steps to increase that amount even further).

I'd sure hate to drive those poor millionaires into poverty with that inheritance tax.

I knew a guy who would become irate about any discussion related to taxing the wealthy because he was convinced he's going to be a millionaire. I told him that the taxes we were discussing were for billionaires, so he'd have to make a million dollars, and then do that again one thousand more times to be impacted, and his tiny little brain couldn't understand. This entire conversation took place while he was on welfare and receiving food stamps. When we had a lifelong friend come to town after being away for 10 years, he didn't have enough gas money to come over and visit. But he was always furious at anyone who suggested taxing the billionaires, and constantly upset at "all those moochers" on welfare.