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You're ignoring heritable wealth. Personally I support a 100% estate tax above some small multiple of the median salary, so that the meritocratic element of soc
by _benedict 12y ago
You're ignoring heritable wealth. Personally I support a 100% estate tax above some small multiple of the median salary, so that the meritocratic element of society can flourish. This doesn't prevent the parents spending lavishly on their children whilst still alive, and might need some provisions to permit such spendings (for educational and other pursuits while still developing) to be secured in trust form in case of premature death.
Right now inheriting valuable property and other assets is an "honest" mechanism, but is not at all clearly fair.
- iamds 12y agoI think this comes with lots of difficulties. For example should you be evicted from your family farm that you've worked on your whole life when your 80 year old mother dies just because you haven't saved up enough money to buy it on the event of her death. What if you are a subsistence farmer in Cambodia in the same situation - should you lose your family land to the state on the event of the death of your parents?