[themartorana]

@hype7 is correct. To others in the thread, I don't mind Canada's system - basically, tax the income from (the potential) full liquidation of assets. In many cases, everything needs to be liquidated before an estate is divided anyway. Income gained would be taxed anyway. That said, I don't live in Canada so I don't know the finer points.

To those speaking of multi-generational wealth, I'll bypass the "it's bad" argument and point greatly towards the "1/10 of 1 percent" that have gained something like 90% of all newly created wealth in the past couple decades (and the innumerable ways they can keep that wealth from the estate tax) as evidence of it being a failed policy, again only hurting those somewhere in the middle.