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by FeloniousHam 2389 days ago
> Then the dead guy will give all his money to his kids before dying.

Don't let the perfect be the enemy of good enough. Inequality is a fundamental part of human existence, but I'd prefer that inequality to be as much as possible an expression of individual merit rather than a financial windfall as a result of parental success.

As I mention in another reply, your "inheritance" is what you get while your parents are alive.

1 comments

It’s not so much the perfect being the enemy of the good, as the fundamental point being missed.

The goal is to prevent persistent, cross-generational inequality. High inheritance taxes simply won’t accomplish this. Or even come close.

The only policy that had ever achieved the sort of field-evening you want is a very strong public sector.

Providing quality education, job, opportunities to everyone (or at least lots of people).

A good example is Sweden. Sweden had massive asset-inequality. A handful of families are massively wealthy, and the successfully pass that wealth down generations.

Yet Sweden had little income inequality, because of their strong public services.

My complaint with inheritance is not that perpetuates income inequality (though it may do that). I don't care about income inequality in the abstract, it bothers me not a whit that multi-billionaires prosper while the poorest in the US live merely pretty OK lives.

I simply hate the unfairness of this particular form of wealth transfer: the winners hit the jackpot without even buying a ticket.