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Another reason to focus on wealth tax prior to death is that rate of return on capital (wealth) outpaces economic growth (see Thomas Piketty’s book Capital in the 21st Century), which leads to compounding wealth for the Pence’s Fly #PENCEFLY Funny VP Debates Mike Pence Hair Fly T-Shirt and inequality for the society, and inheritance taxes only kick in at the end of that. Thus, leaving much of the wealth not only not taxed until late, but also increasing the amount of capital that then compounds due to rate of return, making their eventual wealth at death larger than if taxed year by year.
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