Investments work by building on top of something you earned in the past and so on.
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!
Re:Why Inequality Matters
by shawn-butler on Friday October 17, 2014 @12:03PM
(#8471601)
Actually some endeavors are a multi-generational effort. Specifically consider the case of farming / ranching. Many development projects are unprofitable over the course of a single lifetime.
Large estate taxation schemes always need to carve out exceptions for ag and then the loophole-thread pulling begins.
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).