Reply #7: One of many reasons for VERY high estate taxes on the mega-wealthy...

[Iowa]

Second, third, and fourth generation trust-fund kids are a plague on the nation. If we would strip them of their assets and redistribute the wealth every generation, we could possibly save our society. Allow a million bucks to pass, tax-free, per descendant (maybe 2 or 3 million for a disabled descendant). Index it to inflation. Take 100% of the rest. Redistribute it via educational or small-business grants for people who demonstrate promise and financial need. This would go a long way to resolving many of the underlying problems this country faces, IMO.

We need to keep the GW Bushes and the Charles Munger Juniors of the world busy trying to prop up their high-living lifestyles so they don't have enough time or money to meddle in state and national affairs, unless they are willing to pursue such endeavors under their own steam, which is highly unlikely.