That seems more luck than hard work to me. Just read the paper.
Even if that was possible. Do you want in a world where people with merit call the shots or a world in which people that cheated their way to wealth or simply inherited wealth call the shots?
Money can be transferred, gained through stealing and luck which all does not require merit. It is not a good proxy for merit.
The real outrage here is the millions and millions of people squandering their talents in some shite job due to lack of opportunity, not the handful of billionaires that started from nothing and whose children might now be taxed somewhat.
Now that Im a father myself, Im of course trying to give my child the best opportunities, but also trying to raise him to be grateful and disciplined.
So I'm not talking about the billionaires. Im talking about regular people who can now grant their children not private jets, but just a good private school.
What would be fair in this scenario? How can we make things equal/just in this case?
Also I dont think its rare or hypothetical at all, that rich kids never learn to work hard and squander their good fortune.
-- EDIT, i completely agree its absurd and completely wrong that 1% of people have 50% of the wealth, that should not be that way.
then lets say this child turns this education and inheritance into 1 billion dollars worth of wealth. does this have no merit??
ive seen many people squander privileged upbringings, i think if you 10x what was given to you, you have some merit regardless of where you stared from.