[LaunchedFireFly]

Tax: a compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions. Taxes are everywhere! There are so many different kinds too, there are consumption taxes, property taxes, payroll taxes, and income taxes, but the list doesn't stop there. Within the category of consumption taxes there are the excise taxes which taxes alcohol, tobacco, gasoline, soda, luxury goods and carbon (the list for the products under the excise tax doesn't end there; and the sales tax which taxes most items in store except for food (which has its exceptions too). The excise tax and sales tax are two of the many taxes under the consumption tax.
Next is the property tax, as its name states, it is a tax on property. Things like land, buildings and all improvements to the property are taxes by the property tax.
Next is the income tax, which taxes things that give people an income. Some of the things that are under this tax is the capital gains tax, which taxes the money that is made off of investments likes stocks, bonds, precious metals and property; the corporate tax which taxes the profits of a corporation; the gift tax which taxes things like money and property, exceeding a certain amount, given as a gift; there is also the excess profit tax which taxes profits that are unusually high.
Next there is the payroll tax, some of the taxes under this category is the FICA tax which taxes money from someones paycheck in order to fund social security and Medicare; there is also the PAYE which also takes money from your paycheck but is usually refunded in tax returns.
Lastly, there is the estate tax which is a tax on cash, property, stocks or other assets when transferred from a deceased person to their heirs.
There are many others taxes but I felt as if there were some of the bigger ones, now for the question:
Taxes are good, they help the economy keep going. The same goes for the estate tax but when looking at the estate tax, it is a tax on things that have already been tax throughout the life of the person that acquired the wealth through hard work. I personally feel that since not many have to face this large tax in regards to the other taxes(Only 1/500 had to in 2017), it is not necessary. In addition to the few amount of people that have to pay it, the tax is a big turn off to people who want to make it big because they know that if their total estate is valued over five million dollars than a bit less than ten percent would be the tax (as the total gets bigger the tax increases). Also, there are many loopholes in which people can go through in order to avoid these heavy taxes. One of these loopholes is the GRAT loophole which over the past eighteen years has helped people avoid a total of over one-hundred billion dollars. Also, with the aspect of these assets being taxed throughout the life of the deceased owner, the assets will continue to be taxed even without the estate tax throughout the new owner's life. Lastly, if there were no such thing as the estate tax, that would mean that the new owner has an additional sum of money to invest in into other things. This means that by allowing the owner to keep that money and invest it more money could be made and be taxed. Meaning: if the person has the money to buy five properties, he could buy them and now pay a bigger property tax.
What do you guys think, should the estate tax still be around, whatever your answer may be, why do you believe that?