Look at it as a regular income event. You were taxed when you got that money from whoever gave it to you and now your kids are being taxed when <i>they</i> get the money. Your kids aren&#x27;t you. Money isn&#x27;t a taxed-once thing, it&#x27;s taxed every time it changes hands. Death is an event at which money changes hands (from you to your kids), and is taxed appropriately.<p>Anyway multi-generation estates are very well tested as being bad for society over time. Just look up monarchies.