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It's not a threshold of the amount of wealth a person has before he or she makes bad decisions. Have you read James Surowiecki's The Wisdom of Crowds?[1]"Large groups of people are smarter than an elite few, no matter how brilliant—better at solving problems, fostering innovation, coming to wise decisions, even predicting the future." If that is true, no matter how smart or stupid individual people are, a group of 100 people each worth $10,000,000 using their money as a 'vote' will be better at investing than a single billionaire. The Koch brothers have $100 billion between them. They will spend one billion this year on political influence. They control the conservative conversation which has lead to people who follow them controlling a majority of state legislatures, a majority of state governors, the House, the Senate, and the Supreme Court. Those two are not stupid. However, any single person or small group of people with that much power is dangerous no matter how smart they might be. The point isn't to take money from rich people to finally pay for the Iraq war. The point is to take money from the most wealthy to prevent any one person or small group of people from having that much influence. Even the president steps down from power after two terms because our form of democracy doesn't work when someone passes a threshold of power from consolidation. The threshold is an amount of power that is consolidated where a person or small group of people are not longer competitive because they can eliminate all competition. Don't allow the consolidation of wealth into a few too big to fail banks. Break up the banks. Tax inheritance above $10,000,000 90%. Their children can innovate and invest to make money like the rest of us. I don't feel bad for them at all. Have a progressive tax structure using income, capital gains, and corporate taxes to prevent people from acquiring more than $250,000,000. Don't threaten me saying they are going to leave the United States. Please, please, please make them leave. They leave behind Berkeley, Harvard, Princeton, MIT, Cal, Stanford, and every other research school and university which will probably do better without their influence on the faculty. They will leave behind the abundant natural resources and infrastructure which sadly lately under their influence has been neglected. They will leave behind the most productive work force in the world. Americans specialize in management and upper management will see an increase in income without them taking a bulk of it. Please, make them go away.

[1]http://www.amazon.com/The-Wisdom-Crowds-James-Surowiecki/dp/...




>"I don't feel bad for them at all. [...]Their children can innovate and invest to make money like the rest of us"

That's a very negative attitude to have towards people with wealth above some magical number you deem "too-much".

People will get very illogical and angry when they see you blatantly stealing from their children. I know I will, because at the end of the day, I work for my progeny. An estate/inheritance tax is not taking away from my well-being, but from that of my children.

So, instead of fixing the problems with your form of governance, you decide to impose even more tyranny over the few who can possibly take advantage of it. The problem is not the money that allows them to possibly take advantage, but the corruptible system you have in place. Use that effort in making it actually noble like it's claimed to be.




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