Meritocracy

"So to me, the case for retaining the estate tax more or less where it ends up next year ? a 45% top rate on estates over $3.5 million ? if you index that limit for inflation (and recognizing that with by-pass trusts the $3.5 million becomes, in effect, $7 million)is overwhelming." -- ATobias, WBuffett

I think 3.5 million in today's dollars (adjusted for inflation moving forward) is more than enough for any one person to inherit. If the taxes on on estates result in lower taxes for everyone else in the community, and encourages a meritocracy then we're in the right place.