Originally Posted by
rickair7777
This is a very hypothetical discussion, and what you point out is ALWAYS the big problem with any sort of entitlement taxation.
There's no good answer. My (hypothetical) intent is not to redistribute wealth but rather to dilute the inevitable concentration of power in the elite class, and allow more people to enjoy self-sufficiency. So I'm certainly not suggesting welfare. Public infrastructure?
The real problem is if you can’t concentrate wealth there wouldn’t be any wealth.
People would not be responsible and save money if there were no benefit we know this because most people treat the hotel thermostat differently than their home thermostat.
The only way to redirect inheritance is to change the law faster than human behavior can adapt.
You couldn’t even invest in public infrastructure for very long because eventually later generations would just check the mail with a helicopter or have a tiger on a gold leash if they knew they couldn’t preserve anything for their own kids.
Inflation would crush the masses because the millions of responsible people would quit being responsible and Ferrari would out sell Hyundai.
I always wonder when people talk about wealth concentration in the USA what country or culture ever existed where wealth was less concentrated. All you ever hear for 20 years after WW2.
So out of 5,000 years of world civilization we are the least wealth concentrated society ever, except for a 20 year period that ended 60 years ago.