Without arguing against your argument, all I can say to this is you completely totally missed the point.Let's work within your framework.
Bottom line, he who receives without working for it has little incentive to work at all.
Glad you are so supportive of a steep estate tax. Because let's be honest, when someone inherits millions, maybe even billions of dollars, they sure as hell didn't work for it. I mean what incentive do they have to work? And to put an example out there, how many of Sam Walton's heirs work?
Bottom line, he who works/produces without reward has little incentive to work/produce at all.
I know you are talking about financial compensation, but there is more to "reward" than dollars. Appreciation for one's work is the main thing. In fact, when you ask employees what is important to them, their salary barely makes it in to the top five. Appreciation, it is at the top. Workers are not appreciated, nor respected, any more.
But here is my take. If someone is content living on welfare, collecting those minimal benefits, even if it does mean they have a cell phone, internet, cable, and air-conditioning. If that is all that it takes to keep them happy. If that is all the motivation they have. Well damn, I got no problem paying them, if for no other reason than to keep them the hell out of my way. Out of everyone's way. Makes for a much more productive workplace.
When most people aren't working much if at all, government can still prosper because they and the few they favor can (and will) take most of what little is produced. Everybody else will be the poorer for it.