One way that wealth inequality is perpetuated is through inheritance:if your parents have lots of wealth,you inherit it when they die--and if they don't,you inherit little ornothing.In a sense,the inheritance of unlimited wealth violates the principle of equality of opportunity--that everyone should have the same chance to succeed in our country.

Oneway our country reduces wealth inequality(and promotes equality of opportunity)is through a government tax on inheritances,which raises money that is used to fund government programs,including programs for the poor.

• At the federal level,the first$5millionthat you inherit is exempt,and what you inherit above that is taxed at a rate of40%.In other words,if you inherited$6million from your parents,you would pay a40%tax on$1million,or$400,000.
• In2017,only the estates of the wealthiest0.2%of Americans were large enough to pay the federal tax.
• Six states tax inheritances over about$1million,at about a15%rate.

Some have called for the repeal of the inheritance tax.Should be an inheritance tax;why or why not?If yes,how high should the tax be?