The idea of an inheritance tax is asinine to me.

You get taxed federally and locally on your income where I live. Anything you buy with your already taxed income, is then taxed again. If I invest it, I am taxed ib ny capital gain profits. So you’re now taxed twice, all to be taxed for a third time when you leave it to your successor.

You make $100. You take home $70. You invest $70. You get it to $140. You’re left with $120 after capital gains. When you leave that to your child, they get $100. The investment you made effectively just brings you back to what you produced before it was *stolen* from you in the first place.