[meric]

I don't agree on large marginal taxes on labor, you'd be targeting high earning surgeons rather than rich families inheriting wealth. If we want to tax capital, tax capital, and put a wealth tax of low single digit percentage point paid yearly. If you want to exclude people's first home, then do that.

[randyrand]

I'm still not sure how much of a problem this really is.

88% of the very wealthy ($30+ million) in the USA made their wealth themselves.

https://www.forbes.com/sites/niallmccarthy/2016/10/10/where-...

...the best source I could find.

[Retric]

That's with a long history of estate taxes and strong economic growth. Also, if you look at Americans with 10+ billion far more than 12% inherited their money.

The US has been stagnating with lower GDP growth rate over time which will likely change these numbers. Because the low % of inhered wealth is mostly due to large numbers of new wealthy not children of the wealthy losing their money. http://www.lagunabeachbikini.com/images/2014/economy/RGDPgro...