[bhouston]

Notice I didn't argue for basic income or any other specific redistribution scheme (I like cost effective schools and low cost health care though) rather i argued for things that end rich dynasties that purpetuate inequality across generations.

I think each generation should earn their riches rather than rich dynasties persisting across generations. I favor capitalism and inequality of outcome but earned capitalism from at least a relative equal start.

[jeremiep]

I see your point, thanks for the precision. I can agree perpetuated inequality does give kids a huge head start.

Taxation is already high for the rich, but the top bracket is usually quite low. I don't think the solution is more taxes, but more tax brackets; they should scale to accommodate the extra rich.

[bhouston]

The very rich also tend to hide their money offshore or play games with multiple residencies to find the best tax rates.