2 ms·
Today we have modern dynasties based on money - even at the micro-level, wealth promotes greater power and wealth for its descendants. A large segment of socie
by _benedict 10y ago
Today we have modern dynasties based on money - even at the micro-level, wealth promotes greater power and wealth for its descendants.
A large segment of society hate the very concept of a monarchy, but their inheritance is actually far more constrained than a typical dynasty's, as the state retains ownership of all of the monarchic portions (they of course have significant private wealth as well).
I, personally, feel we would be hypocritical to dismantle the monarchy before we dismantle inheritance wholesale. i.e. 100% inheritance taxation (though I don't propose this is absolutely straightforward; there are many complexities).
This is a deeply unpopular view, but if we hate this kind of power and wealth inequality, we should really deal with it, not make some silly gesture about an artefact of history.