If it was for me i would abolish Inheritance entirely. The problem is i cannot imagine a non-dictatorial type of system that could make it work. You would have to make presents illegal, and other things like this. If anybody knows a solution please let me know and they got my vote
edit: a letter
I think a scaling inheritance tax that accounts for all assets could work
Company ownership would be wacky after a founder dies since now the government would own most of the company. If the government sells off their shares, the companies value would crash and random other people could get control. So the government would probably need to keep the ownership for a long time at least. Which I guess is one way to nationalize companies.
Better idea: family-owned companies, upon death of the owner, get turned into a coop owned by all the employees of the company, each getting 1 share.
That sounds like a good way to have huge companies with one employee and thousands of contractors. But might be good if you can make it bulletproof.
That just sounds like you need more enforcement against fake subcontracting.
I don't think inheritance should be illegal, but there should be a wealth cap.
It's in generation 0's (original wealth holder) interest as well. Massive inheritance like that ruins upbringing. After a few generations your family line is reduced to Musk and Trump. Nobody wants that.
If it was for me i would abolish Inheritance entirely. The problem is i cannot imagine a non-dictatorial type of system that could make it work. You would have to make presents illegal, and other things like this. If anybody knows a solution please let me know and they got my vote
edit: a letter
I think a scaling inheritance tax that accounts for all assets could work
Company ownership would be wacky after a founder dies since now the government would own most of the company. If the government sells off their shares, the companies value would crash and random other people could get control. So the government would probably need to keep the ownership for a long time at least. Which I guess is one way to nationalize companies.
Better idea: family-owned companies, upon death of the owner, get turned into a coop owned by all the employees of the company, each getting 1 share.
That sounds like a good way to have huge companies with one employee and thousands of contractors. But might be good if you can make it bulletproof.
That just sounds like you need more enforcement against fake subcontracting.
I don't think inheritance should be illegal, but there should be a wealth cap.
It's in generation 0's (original wealth holder) interest as well. Massive inheritance like that ruins upbringing. After a few generations your family line is reduced to Musk and Trump. Nobody wants that.