[chmod775]

> The really wealthy find loop holes.

Even the kid of this Tycoon ended up becoming the CEO of his father's company. What a coincidence!

He won't inherit wealth, but he already did inherit the means to become wealthy himself. Probably is by now.

> It discourages saving and investment.

It won't do so significantly for your average Joe. Rich people not hoarding their money can also arguably be good for the economy. Though I'm undecided on that issue.