Mike quotes a Harry Browne article on The Inheiritance Tax:
'We want a government so small that it can't monitor your e-mail, can't snoop in your bank account, can't tax your income, can't tell you how to live.
Unfortunately, the best argument for the complete repeal of the estate tax rarely is raised. It is that people who earn money have demonstrated by their ability to earn the money that they're far more competent to disburse it than politicians are.'
A government that small would also not be able to control the multinational corporations who would eat our lunch. There would be no redistribution of wealth, and the gap between rich and poor would grow.
I also don't particularly view the ability to make money as a moral virtue. And the ability to earn has nothing to do with the morality of disbursal.