

Many issues with that also. First - wealthy people just move their wealth overseas, as most wealth is actually not in physical goods but freely movable virtual papers and money.
Second, if the rule applies to all, it would leave a lot of children without the base which their parents worked their whole life for, as they would probably not afford to pay tax on a house they would inherit.
And third, inheritance doesn’t mean anything really, but how someone can manage it. Being wealthy is easy. Becoming wealthy and staying wealthy is hard. Plenty of kids who destroyed empires their parents built. If the kids can manage the wealth and build upon it, why punish them for having good parents?
Mark my words, people who will have any social skills in the future will be the next millionaires…