Who are you, or anyone else, to declare that a family or any single person has to be penalized for the responsibility and success of ancestors who wanted to pass on a legacy for their descendants?

I've heard so many stories of successful family farms and businesses being lost due to property taxes. Even a major league baseball team had to be sold that had otherwise been run by a family. Again, the very idea being argued is one of the tenants of Marxism, that the state should have the means to dictate the property ownership and means of production of those living within a country. It's also shortsighted to say that things are simply earned through property ownership, and what of it?

Again, the result of such policies isn't to make things 'more fair.' It's always a means to concentrate wealth in the hands of large corporations or well connected people who already have wealth and leverage what they have to get more. They are NEVER the people who are ultimately targeted by such systems because these wealthy oligarchs are ultimately the people who are using the system to protect and grow their wealth at the expense of would-be competition.

People occupy the homes or properties if they're rented, thus fulfilling a need. If lease is too high, people would live elsewhere. Beyond that, there's the cost of maintaining said homes resulting in a boon to the economy, especially if firms are employed to manage said properties. Nothing is simply stagnant. If money is generated from properties, than there has to be something about the properties that generates said wealth that contributes to the economy in the process. For example, the Biltmore Estate is run as a business with a restaurant, tours, winery, and more that employs people to keep everything running.

Consider for a moment, your parents worked hard to build a home and wanted to pass it on to you for your kids or grandchildren to live in. They die and leave it to you. At current, the government would swoop in and demand something like 40 percent or more of the value of the home. If you can't pay, then the home would have to be sold, regardless of how many generations your family might have lived in the home or how much value it would have in that regard.

Wealth taxes, inheritance taxes, graduated income taxes, are all designed with one sole thing in mind. Holding back those who are gaining from rising up to compete with those already at the top. Those at the top know all the loop holes and escape all that is 'meant to make things fair.'

Trump himself testified to the fact when he was accused of not paying taxes. He said flatly that it didn't mean he did anything wrong. He was just smart.

What people do with their own money, so long as it is legal, is none of the governments business.

Consider that the founding fathers of the United States launched a revolution just over a relatively low tax rate on tea. What might they have thought of such a concept of seizing property from people simply because some bureaucrat declares that a person has too much? That sort of thing happened in the Soviet Union, South Africa, Nazi Germany, Venezuela, Communist China and more ... And to what effect? Famine, fraud, murder, anarchy, collapsing economies, war, and more.