No less an extremist as Thomas Jefferson supported the estate tax, and we still have it for many good reasons. This article talks about it better than I could:

No less an extremist as Thomas Jefferson supported the estate tax, and we still have it for many good reasons. This article talks about it better than I could: http://www.economist.com/blogs/lexington/2010/10/estate_tax_and_founding_fathers http://www.economist.com/blogs/lexington/2010/10/estate_tax_...