Posted 5 years ago on Nov. 27, 2011, 2:47 p.m. EST by buphiloman
This content is user submitted and not an official statement
I'm curious what conservatives would think of a policy that capped lifetime earnings and inheritance, so that no one individual could earn more than say, 10 million dollars in a lifetime, and could not pass on more than half that amount, 5 million, to their children.
The idea would be an egalitarian one, and of course the precise caps would have to be indexed to inflation and average income figures.
But it seems to me like there is no good reason to allow wealth-hoarding. Why should anyone (let alone mayor Bloomfool) be allowed to hoard more money then they or children could ever possibly spend? Who benefits, other than bankers?