If you were a politician...

[DC Al Fine]

No. Confiscatory inheritance taxes are ridiculously easy to get around from a tax accountant's point of view. I wouldn't try even if I agreed with the idea.

EDIT: Misread the question.

I think inheritance taxes aren't sound policy, but eliminating them isn't something I'd be willing to spend political capital on.

[DC Al Fine]

Most of the inheritance, btw., has typically not been taxed before but is unrealised gains on property, especially real estate.

Is that true for the people these taxes are targeting? I mean, the average Joe's wealth is mostly in his house, but I imagine the super rich are mostly in investments which would've been taxed on their interest or dividends.