I'd say you need some kind of mix. Ideologies on both sides of the spectrum rarely does any good.
What I'm for is to TAX THE DEAD. *And tax the living less.
A problem in the world is that we get more and more money on fewer and fewer hands. (Because Money=Power=Money)
It effectively puts huge breaks on a Meritocracy, and hence the dreams and possibilities of 90% of people.
I.ex, Norway's richest man, John Fredriksen (worth about 11Billion USD) transfers his whole business to his ducks. Sorry, daughters:
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loginThe man came from nothing, and built himself up to where he is. Still, from a quick glance at the above picture, it is unlikely that his daughters will run the house as well as he did, and likely spend millions on luxury (Effectively real waste, yes the money trickles down, but the resources spent don't), and much much worse: Bad business decisions, which are really just an incredible amount of wasted resources, which in the hands of someone competent would actually benefit society and all of us.
So, I'm for a meritocracy, but tax the dead, especially those that are accumulating enough money and businesses that they pose a risk of extreme luxury and resource waste for the inheritors. (50m USD+?) Gvnmt should simply take the businesses, and immediately sell them, by law.
* Less taxes to pay for everyone else
* Being born extremely rich is impossible
* Everyone will have better chances of success. (Not only those born into it)
* The dead doesn't care.
* Power is had by those with
merits. And hopefully better decisions too, benefiting all.
Only those who made themselves rich themselves will be able to buy companies, everyone will have a better shot at getting the top jobs, based on their merits.
The point is not to take your familys normal house. The point is to stop the global and local trends of accumulation of wealth and power, actually leading us into Nepotism by birthright, not capitalism.