>>>
>>>Unless you have a plan to circumvent the currency, these people have the world by the short and curlies. Why? Because I can't think of a way to target unearned wealth vs self-made people who deserve it all.
>>
>>It's pretty easy, really.
>>90% tax rates on inherited wealth and much higher tax rates in the very high income brackets.
>>I'm flexible on the deductible amounts, but passing along billions is unacceptable.
>>Those rates were in place after WWII - and the country prospered - but they were gradually eroded by the anti-government rants of the wealthy.
>
>It didn't work on the very rich then and it won't work today. If it did work then please explain the Ford, DuPont, Kennedy, Rockefeller, Vanderbilt, Morgan etc. families

If I tax $10 billion at 90%, the heir is still a billionaire.

If the heir just puts the billion in municipal bonds, that heir's heir will probably also be a billionaire.