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by pyuser583 2386 days ago
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.

1 comments

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.