One thing I've recently rediscovered is most thinkers of the enlightenment time including some founding fathers seem to mention that inheritance tax are a neces

One thing I've recently rediscovered is most thinkers of the enlightenment time including some founding fathers seem to mention that inheritance tax are a necessity of a liberal democracy. And I've been pondering on that. Kind of like in sports, you need to reset the seasons once in a while. Otherwise last year's winner starts with too much of an advantage and the competition degenerates. Now maybe you have to reset this throughout someone's lifetime, or maybe only at their death on inheritance I'm not sure. Like maybe you tax people for how long they've had their money for. If you've been sitting on that billion for X year, then you get taxed Y times X amount on it where X is the number of years you've had it. This would include asset holdings. And maybe this tax goes to pay UBI. What I like about this is, it retains the capitalist idea of having the right to enjoy your profits. If you've earned yourself the best of steaks, you are allowed to eat it. But you can't just get out of the game and continue to earn. If you are so self made, you should be able to make it again next season, starting from the same footing as everyone else. I think it would require getting the right weights and equation in place. Like obviously you want to allow for retirement. And you don't necessarily want to reset things too often, people should be allowed longer period to acquire momentum and succeed. And maybe you want something more complex than just a multiplier of years. And the reset over one's life doesn't need to be to zero, same for the inheritance, though I'd imagine the inheritance one honestly could get close to zero. Thoughts? This isn't something I'm clamoring for, still thinking about it, but I found the idea interesting. If you acrue a billion dollars, good for you, but why should your children get to start with that money? Unlike you, they didn't provide value to society. Why can't others have an equal footing with them? And even you, do you just get to sit on the company you setup for the rest of your life just taking money from it? Seems ridiculous, the amount of risk taking and effort being put year over year no longer corresponds with the reward. Why not let someone else a chance to shine, prove yourself that you're still this valuable ten year after?