All wealth is inherited. Are you proposing each person is cast out and begins again in cave man form with nothing but the unowned land to start with? Everything you have, knowledge, money, inventions, cultivated land, food, your body etc, were created and passed down (inherited) from a prior generation.

Also this idea penalizes someone who's parents died when they were born, who would have paid for every opportunity until they were of age, now they have nothing. Meanwhile those who have parents or some other caretaker to pay for and facilitate all kinds of experiences thrive.

If you really think that's the case, then please stop using all the things you've inherited from prior generations (i.e. turn off your computer, electricity, plumbing, clothing you wear, food grown by others, streets built before you).