3 ms·The estate tax is one mechanism we have now to tax wealth.by tomkinstinch 11y agoThe estate tax is one mechanism we have now to tax wealth.debacle 11y agoThe estate tax is bullet-hole ridden, unfortunately. Overall the US tax system is a mess.jpadkins 11y agoonce a lifetime taxable events are prone to huge swings in revenue, not to mention all the schemes to evade.