At least some people "get it".
This news as the estate tax is under attack by the neocons who portray it as theft. Buffett supports the estate tax for its role in emphasizing merit over inheritance as the means for advancing in American society:
Buffett said he wanted to avoid ``dynastic inheritance,'' where people born into wealthy families get unfair head starts over the less fortunate.If you believe in capitalism, you believe in the market rewarding innovation, creativity and hard work... Brats running around spending the millions their parents accrued while contributing next-to-nothing don't fit that model.
Buffett said his children control the other foundations to get the stock, but he will not leave them "huge amounts" for their personal use. He said his philosophy is "that a very rich person should leave his kids enough to do anything but not enough to do nothing."