No, that is the most anti-meritocratic right imaginable. Monarchs, nobility, and landlords used the same right to enslave common people like you and me in the past. Today's super-rich do the same.
A tiny minority of people get lavishly rewarded for the hard work of their parents. They did nothing to earn that reward. All the rest of us get stuck with shyt all from our parents. And we didn't do nothing that they didn't, we didn't ask to be born and we certainly didn't ask to be born outside of a highly privileged background. So while a tiny few get rewarded, everybody else gets punished for who their parents were. It's like saying if your father was a murderer, the next three generations have to pay the same penalty.
Now I'm not a communist. I think it's only fair that people who achieve higher get paid better and have better lifestyles than people who're lazy and untalented. But inheritance fukks up the game. I'm not talking about your parents leaving you the family home or a little bit of money, I'm talking about huge estates worth hundreds of millions or billions of dollars.