Ive often seen individuals on the left talking about how billionares shouldnt exist etc., but when probed on how that could be accomplished the answer is usually just taxes or guillotines. I dont think either is great.
What if instead, corporations were made to be unable to be sold or owned. Initially theyre made to default to popular election for their board, and after that they can set up a charter or adopt a standard one, ratified by majority vote of their employees.
Bank collapse would probably follow, how could that be remedied? Maybe match the banks invalidated stocks with bonds?
Most people who aren’t going to inherit any money and don’t have any money to leave their kids agree this is a good thing.
“No inheritance tax” is a “bombshell take”? The overwhelming majority of people do not want an inheritance tax and think it is unfair.