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Should we Have a 100% Inheritance Tax?
It is not fair, that some who were lucky to be born into rich families, start their lives with a tremendous amounts of assets, while others have none.
Ultimately one of the greatest sources of economic and social inequality in modern society is money passed from parents to children.
Capitalist societies are built upon the idea of meritocracy; that success can be earned through hard work. Inheriting large amounts of money undermines this ideal, as certain people are given a huge advantage over others due to a characteristic (their parents) that they did not choose or earn.
If everyone lost their sense of entitlement and realized they will literally only reap what they themselves sow then society would benefit from the resulting motivational hope inspired by the reality of equal opportunity.
It's not fair that some were born smarter than others. That's just the way life is.
Birth is not a lottery. Individuals are not preexisting entities dropped into a particular set of circumstances (family, nation, civilization), but they originate from those circumstances.
Every person in the world born in different conditions. Society can't punish the luckiest one, instead it must provide opportunities for the less fortunate to access to high quality resources.
This restricts basic property rights.
Life is unfair. And no one person or group of people is in a position to determine what is and isn't fair. Fairness has different meaning to different people.