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I would agree and disagree with you. Looking at just wealth inequality is, as you say, asking the wrong question. The real issue is earned wealth versus inher
by TimJYoung 16y ago
I would agree and disagree with you. Looking at just wealth inequality is, as you say, asking the wrong question. The real issue is earned wealth versus inherited wealth. Even the founding fathers were particularly wary of the problem of allowing unearned wealth to aggregate over several generations, and how that can eventually allow incompetency to rule over competency.
And, this doesn't apply simply to the issue of taxing direct inheritances, so it's not so easy to solve with taxation alone. Someone could easily not give their children a dime in direct inheritance, and just stick them high up in one of their companies with a nice, cushy multi-million dollar salary.