 Oh my girl. A little like an impersonator. A bunch of rich fat cats?! Worst part is they probably inherited all their money. Actually they probably didn't. According to a BLS Working Paper by Edward N. Wolfe and Maury Gittleman, of all the wealth the 1% has, only around 14% of it was inherited or gifted. Considering that figure was as high as 27% back in 1992, I would say we've made massive progress here. Oh, well. That's 14% too much! We should implement a 100% inheritance tax! Well, not only is that unfair to those who work and save to pass their wealth onto their children, but according to the aforementioned BLS working paper, an inheritance tax can actually make income inequality worse. How is that even possible? Because the poor and middle class inherit a greater portion of their overall wealth than the rich do, so if you force people to give everything they own to the government upon death, you would be hurting the lower class people more than anyone else. Lower class, smower class! I don't like rich people passing their money onto each other! Jellogram. Huh? My great-uncle, Sylvester, died? And I'm in the will? You know what, I've learned something. Ultimately, it's up to individuals to decide what to do with their own money, and it's foolish to take for granted that a wealth tax wouldn't affect the productivity of people who strive to give a better life to their children. And ultimately, aren't we taxed enough already just to have what meagre amount is left over plundered after we die? I, for one, am glad there's no inheritance tax. Actually, in this state, there is. I knew death and taxes were inevitable, but do they have to come at the same time? Hey folks, thanks so much for watching. If you enjoyed this, please check out fee.org for more educational content. Thank you!