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by voisin
1272 days ago
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No, it isn’t fair but that can be avoided by adding friction to wealth via an annual wealth tax, and then only applying it on the largest (100m+) fortunes. I don’t think anyone thinks someone who works hard and saves shouldn’t be able to pass on a few million, or even tens of millions, to their descendant. But what you refer to is equally true - no one but the beneficiaries agree that someone should be born into monstrous wealth and be able to sustain generation after generation on the basis only of winning the ovarian lottery. I, personally, would have a tax of 100% on all wealth over $100m. |
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