In this particular case, as is likely in many others, the estate taxes are creating an issue with the property of someone's mind, not just their physical, personal belongings. While it is understandable to tax a house or a property or furniture, etc., it is unacceptable to essentially put a tax on someone's thoughts which are what Prince's songs are. If he wanted them to be released he would have released them and profited on them during his life. However, since he did not, they should remain unreleased and estate tax should not factor into whether they are released or not.
Yes, estate tax laws are far too aggressive in taxing funds of the deceased. They can cut funds in half, and take the inheritance of individuals. This is in a way a nonsense tax, and should be assessed the same way that profits are instead of as its own thing. It is not right to take half of the money away from a deceased individual that he or she is trying to give to a beneficiary for personal reasons.
It is absolutely wrong and immoral that tax burdens would cause an estate to be nearly wiped out. It's bad enough that the government takes upwards of one-third of our incomes when we are alive, but to add insult to injury...or death as the case it...it takes your money when you die. Government greed at its worst.
I do not think that estate taxes need to be changed because it effect only the mega rich people in our country. The wealthy need to pay more that they are currently paying in my opinion. Also keep in mind that if Prince wanted to protect hi estate from these taxes there are trusts available to do so.