Estate taxes are wrong based on the simple principle that it's double taxation. Tax the hell out of them while they're alive, then tax them on what's left after they die. No sir.
If only 12,000 estates had to pay estate tax last year, then why are we making such a ruckus over it? Trillions of dollars flying around here, and this is not going to make a dent. It's just political pandering for people who like to beat up on the rich. Simplify the tax code, eliminate deductions, lower the base rate, and you'll end up getting more out of them while they're alive, anyway, and can still leave the middle & lower classes to keep more of what they earn.
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