We wish we had said this about inheritance tax

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And in fact we have said things like this before:

Do you plan to leave your wealth to your children? Yes, on the understanding that they, in turn, protect it for their children and grandchildren, as I’m strongly against inheritance tax. Even at the height of my youthful Marxist fervour in the great socialist Jerusalem of the North West, I understood that the only real way to increase social mobility is to allow the working classes to keep the wealth they create and pass it on with their values, so that their children have the wherewithal – the money – to bring about change. Otherwise, you’re just giving it to out-of-touch politicians to waste and constantly pushing people off the mobility ladder.

Rather than the political classes taking a slice of the wealth each generation has created, then wasting it as is so often the case, why not a society in which wealth does cascade down the generations? We don't actually need to worry about the plutocratic fortunes: contra Piketty, absent those who pass on urban land through primogeniture those do get dispersed down the generations. What some thing of as great inherited fortunes (say, the current generation of Rothschilds) are in fact fortunes that have been generated again in that current generation.

So, why not a society in which that accumulated wealth of each generation is passed on to the children and grandchildren? A bourgeois society in which each is a sturdy independent yeoman, or one in the making?

We would hesitate to state that this is the entire and compete solution to anything at all, but what's wrong with it as a vision of future society? It doesn't look that unpleasant, does it, a world in which all have the resources to not be dependent upon the State?