Earlier quoted context omitted.
On death, what right do you retain to that property? Under a more capitalist system, your children could not inherit, and instead have to start from the bottom like everyone else.
That’s not capitalism. That’s some kind of meritocratic (anti?-)utopia. Capitalism is when you can do with your property whatever you want including giving it away to whomever you want.
If we want any sort of system even approaching a meritocracy then you should not be able to will away such vast estates that people can control entire companies or never work again a day in their life solely off the inherited assets