wealth

The irony is that for many people laboring under a very unmeritocratic society, its the one sliver of wealth which keeps them afloat.

Does one need an estate tax if there's either a tax on wealth or a land value tax?

It had wealth but no users and no credibility, and it wasn't able to get those.

It is wealth in the form of economic opportunities, security, stability and all other amnesties afforded to citizens of developed countries.

This limits dynastic wealth if a decent % is being taken back every generation.

I'm sympathetic to receiving and giving part of your wealth to others without the government stepping in.

There is a long tradition of exporting natural resources to fund those reserves, whether it is Russian's oil, or South Africa's mineral wealth.

That wealth was built over centuries by the ancestors of the current citizens.

This particular gentleman also lucked out in the early wealth lottery as well.

Since the income and wealth are transient, it would seem necessary to show that the government's redistribution leads to a better outcome than time's.

All my life I've assumed that, when people had a going concern or were rich, that they _earned_ their wealth.

There are other factors, of course, but are there any other industrialized nations where public funding of education is directly tied to parental wealth?

If luck, rather than skill, is the source of one's wealth, then has one "earned" that wealth?

At least, better than distributing the wealth among "family" like in Russia 90s.

It's the exact same "superhuman AI will take all our jobs" reasoning, except in this case we have actual humans with access to vastly more wealth than any average person can accumulate.

The alternative argument that comes to mind is that while the people move over time, there is a constant influx of new luck-wealth to replace the old luck-wealth such that, though it is different money, there is a permanent "luck fund" of sorts that should be drained on a regular basis, else we will have a permanent inefficient "luck fund".