Greg Mankiw, Chairman of Harvard's Economics Department, Favors the Abolition of the Estate Tax

Here. My own view of it is that it is a burden on high middle earners and their offspring. Given that you have enough funds, you can engage in estate planing and work to avoid the tax like people used to avoid income taxes, not so inclined or having the time, the estate gets taxed. That would tend to fall on people who are not primarily significant financiers.