[austincheney]

My thinking about the emigration is that if wealthy old people leave so that they can leave wealth to their heirs they are dooming their heirs to a hard decision: leave to access that wealth or stay with access to the wealth capped at 10 million. The only harm that I see in this is that a few inheritors leave the country.

Creatively reducing the values of estate wealth to the taxable cap would increase access to like conditions for people who normally have access to that much wealth and not much more which greatly lowers wealth distribution in the top 1% which is still a good thing.