|
No one has ever prevented intergenerational wealth, and it is so innate and natural to humans that you're bordering on Soviet territory when you decide to fight all that and try and end it. (If you're just talking about reducing it that's fine, but we already do that massively with the tax and transfer system, and I think you guys have estate taxes too.) |
https://www.snopes.com/fact-check/high-income-earners-tax-ra...
Taxes are so nominal, that the haircut is almost non-existent. Beyond theory, I’m very well aware as my close friend inherited a property portfolio, and is now set for life.
Unfortunately, most are not as lucky, and therefore we should not rely on the inheritance lottery to act as our social security.