| >Wealth disparity doesn't grow because wealthy people are allowed to retain their generational wealth or not, Yeah it does. The way compounding interest works means at some point that your passive accumulation of savings will outpace what most workers can earn as a salary. You can't really combat that by throwing more money at workers. It's just mathematically impossible to let wealth run rampant in an individual like that and expect everyone to keep up with their limited hours of energy. >This isn't a zero sum game. It isn't. But with modern labor habits the billionaires want to make it one. That's why there isn't such thing as an 'earned billionaire'. They take from workers, lobby government to pay less, engage on anti-competitive behavior, or outright commit crimes to get to that point. The best case billionaire merely inherits the wealth and lets it accumulate, but I don't see many people like that these days who also don't fall into the other points. >I would also not trust the government or any political body to handle income from the inheritance taxes. Well someone has to. The us government has most things in record, so they are the easiest to audit. This is more a sign that we need to pay more attention to politics and trustworthy figures who will self regulate. As in, pass laws that hold them and future policy makers in check. |