[danm]

Maybe a consumption tax with broad exemptions for necessary goods like food, clothing, shelter, etc would be a nice way of dealing with the issues people seem to have with others having wealth.

Billionaire heirs use the inheritance to buy a yacht, big tax bill, mostly use the inheritance to continue funding things that are generally good for society, smaller tax bill.

[morpheuskafka]

I don't care if a rich person buys a yacht or not, it's their money and after they've paid the tax they can do whatever they want. The wealthier you are you should pay more tax regardless of how you use the money. Consumption taxes just make it harder for regular people to afford things they want; the wealthy won't care that a luxury bag with 1000% profit margin has an extra 10% tax on top.

There's already exemptions for both income and estate tax for donations to charities or governments to benefit society. It's possible to set up a private foundation, with some additional guardrails to prevent abuse, if you want to give the money directly to people that need it.

[HeyLaughingBoy]

Maybe those people should just get over themselves?