The rectangular "Hershey Bar" is a safe reliable, and yes, easier to build design.
But if you look more carefully at the Wright Flyer wings, you can see they were already rounding off the trailing edges to decrease drag. Tapering to a point serves the same function, and also enables one to build a bit more lightly due to reduced torque stress from the end of the wing. Same reason a prop is usually tapered. It evens the load along the wing.
The common sea gull is a good example of tapering done nearly to perfection.
But aircraft mimicking this design lack the fine control gulls have of their wings and trade decreased drag for increased probability of often fatal "tip stalling".
"Washing out" (reducing) the wing tip angle of attack helps remedy tip stalling, as well as deploying slats at lower speeds.
The rectangular wing is fine for many recreational aircraft. Another drag saving device that can be used is the Hoerner wing tip. Basicly, it angles the bottom of the wing to more of a point when it meets the top, helping push the downflow of the vortex away from the top of the wing.
Tapering can be seen on gliders, and even on the Cessna 172, but it is not absolutely required in aircraft design if fuel savings or optimal glide range is not an issue.