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The real problem is not excessive wealth but generational transfer of such. Let someone reap the benefits. BUT then take away the majority of the wealth away up
by venomsnake 13y ago
The real problem is not excessive wealth but generational transfer of such. Let someone reap the benefits. BUT then take away the majority of the wealth away upon death so he could not transfer it. Let his decendands be able to inherit total value of 100 each (whatever the poverty line is that year) and take away the rest.
This way we make the emerging of elites harder and falling out of them easier.
- mantas 13y agoNot only wealth is transferred from generation to generation. Jewellery, old family houses, paintings and lots of other possibly expensive stuff. For many people, it's not about money. It's memories and other non-financial stuff. That 200 years old watch from your grand-grand-grand-father? Whoopsie, it's expensive these days! If you try to take away that, people won't be happy. If you try to loopholes to allow that kind of transfer, people will use that to transfer wealth to their children. Even if you don't add them, there're many ways to work around that. For example, parents may sell stuff to their children for many times less than market value. You can't deny people rights to sell stuff for whatever they want, do you? There's no law that can't be worked around. Some people want laws to hide real world from themselves. Other people accept reality.