To take from one the necessity of effort to obtain wealth, one will lack appreciation of it and use it for all sorts of purposes that will soften him, both physically and mentally. He will deteriorate, become lazy and careless, acquire bad habits of various kinds and finally form a general contempt for everybody, including those who gave him the wealth. That not only robs everybody of the wealth that was not rightfully his, or the wealth that he may have honestly produced if he had not inherited it, but also robs the one who inherits the wealth of his self-respect, because those who consume, but do not produce are parasites and cannot respect themselves in the true sense of the term. The wealth of one generation is not the wealth of a succeeding one. Each generation makes its own wealth, so that a dead man's will is but an instrument to enslave following generations.
Constant labor is the only thing that makes wealth last.
For example, father leaves son a factory full of productive machinery. As long as the factory delivers useful products, it is wealth. But to keep a factory in running order to manufacture useful products requires continual labor and the installation of improved machinery. So the wealth inherited by the son is of no value unless he gets those of his own generation to put their labor into it, and thereby replace it entirely with new wealth that the father had nothing to do with. Therefore the wealth of one generation is valueless to the next generation unless constantly replaced with newer wealth.