Their PARENTS earned it. Not the kids. That's my entire point- I don't think children should be entitled to assets their parents "slogged their bones off for" simply because they won the lottery of being born with those parents.
You disagree and that's fine, I was merely presenting the other side of this debate (and the one I personally sit on the side of).
If there is no incentive to get rich, or benefit by making money over a long term for you or your descendants the very motivation to contribute something valuable and make money along the way, goes away. So after a time you will be left wondering why a few capable people aren't sacrificing their lives making up for every body else.
Welcome to Soviet Russia!
Large estate taxation schemes always need to carve out exceptions for ag and then the loophole-thread pulling begins.
Because, their parents earned it. People slog their bones off, make a lot of sacrifices and after a life time of work get to such a position.
If some body's parents doesn't want to leave a inheritance, or don't to earn or whatever. I would leave that at calling it as their personal decision.
>>It's absolutely a lottery.
Its really strange to see the way you like to put it like absolutely no real effort was involved in building that wealth at all.