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A comment on Growing income inequality is driving public mistrust. Parent comment

Re:Growing income inequality is driving public mistrust by ericd on Tuesday January 16, 2024 @10:10PM (#39022771)
There's currently a 40% estate tax rate for amounts above the generous exemption. Are you suggesting a 100% inheritance tax on death? With no exemption?
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Re:Growing income inequality is driving public mistrust by throwaway13337 on Tuesday January 16, 2024 @10:28PM (#39022892)
The estate tax is extremely avoidable through trusts and gifts before death. I've not seen any stats but I doubt many pay that 40% in any significant number - it would just be poor planning.

I am suggesting a 100% inheritance tax. As impossible to enforce as it would be. Why should someone have wealth by accident of birth? Children of the wealthy already have advantage from the upbringing bought by the wealth.

I only make this argument as a point of philosophy. It's completely infeasible because the values of society are warped here. Inheritance is virtue. Maybe the overtone window could shift a bit, though?

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