How can the paramount good for liberals and conservatives be reconciled?

[Darth]

We don't. We let individuals make agreements and spend their wealth as they like. The parent earnt their wealth though hard work and risk (we can get into the corporatism of the current system later, lets assume they did for the moment), they paid tax on it (assuming an income tax), it's theirs to spend as they will. If they chose to leave a large sum to their children fine, that's what they choose to spend it on. If we disallow that particular transaction (which is a transaction many parents wish to make), then they are not free, the money is not theirs, and their hard work was possibly for naught. Sure the child didn't 'earn' the wealth, but their parents did, and this is what they choose to spend it on. Not always the wisest choice I do agree, but it's their choice to make.

It's not an 'all start at the exact same place thing', because the parents (and friends, other family) are also free to form their own associations and make voluntary transactions. It's not past worship, it's a respect for liberty and voluntary transactions (else we might be advocating for an aristocracy where your bloodline and last name entitle you to a 'minimum' standard of living, regardless of whether you squander your money or not ).