Stiff inheritance taxes on values over 4-5 million are going to be absolutely necessary to prevent the planet from being owned by 10 people. Use the money to fund schools, public roads, medical care, and social security. You know, all the things to billionaires get for free despite paying almost nothing.
Socialism is a proven failed system. And btw, the world will not end in 12 years either.
Stiff inheritance taxes on values over 4-5 million are going to be absolutely necessary
No incentive to produce, no incentive to excel. Socialism.
Tiddlywinks it has been shown that as you get richer your money comes less from production or work/labor and more from capital.
disincentivize the average worker making 31,000 a year from heading in to work to feed their family.