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disclosure: I am in favor of the inheritance tax.
The part that (actually, one of the parts) chaps me is the whole "I already paid taxes on it" argument. Money's not taxed, not even once. We use money to represent value, as a fungible, tangible hunk of value. And what gets taxed is the *transaction*.
You can have a stack of hundred dollar bills. But if you don't move them, they're not "taxable". They're also not very valuable either. Money needs to move to exercise its value. And it's that movement that is taxed.
You pay to cross the bridge, not for being on one side or the other.
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Be Just and Fear Not.
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