Welfare is important, but I'm treating it as a separate issue here. Beyond the issue of privileging corporations, a 100% inheritance tax leads to a bunch of st

Welfare is important, but I'm treating it as a separate issue here. Beyond the issue of privileging corporations, a 100% inheritance tax leads to a bunch of strange behavior (with trusts, etc.), and doesn't handle well the possibility of people living a very, very long time. By taxing wealth at 2% yearly, in combination with inflation, irresponsible/prodigal children will soon be out of money if they don't create value with their assets. Furthermore, by using inflation as the "wealth tax", people are motivated to put their money into assets that match inflation (e.g. real estate) without necessarily making productive use of those assets.