i've never benefited from inheritance, and probably never will, but people have a right to their family assets, and thus, they shouldnt be taxed, that's what VAT is for
Slight problem with that. Lets say you had rising concentration of wealth for the past 20 years thats grown and never stopped to grow.
At some point you are banking on 'people hire lousy money managers' in the future, to hopefully lose everything they had within three generations - or you will never end up at 'equal opportunity' for people to start out with.
Not that that would be a thing in practice anyhow - but people might notice, that you are telling them BS for 20 years, and demand a system reset.
Again, there is a structural reason, why everyone wants millenials to get over being a lost generation, tries to teach Gen-Z that their future is in inventing digital goods, people would like to have (because you can have an infinite amount (growth), with nothing else but copy and pasting)... And people starting to get angry over not enough living space being available for families in europe, because all is bought up for financial specualtion. The kind thats not that risky, mind you.
All of that is 'market'.
So how do you reset it? Having the USD crash? War?
The point being -
- inheriting money, and connections is an advantage starting out
- having inherited that advantage becomes more and more the only predictor on future success
- you dont want to have growth, because climate.
- you dont want to have 'individualism', because someone might not care about climate.
- you want religion to move everyone into setups, where you propose that future growth is in fantasy markets. Have everyone play fantasy markets - to the point where consumption 'desires' are directed away from people actually owning stuff in the real world, and if you can get better compliance for serfdom, by having at least half of people personally betting on virtual growth ("Everyone is an investor!") and loosing, then by all means - make that the wave of the future, right?
As much as the thing with compound growth is, that its compound growth - at one point, that becomes a real problem in societies. And then you have revolts.
But millenials wont revolt. Half of them will inherit, and suppress the other half not to see themselves as a lost generation.
So everything can continue, as its set up.
No change needed.
The social unrest in the US is just a fluke, that can be kitted over, by championing identity politics. Isn't that what everyone believes?
(And france curenctly is signaling would destroy its socuety, but - nevermind that...)
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New fields of growth also solve your problem. (If enough people can make a living out of growth you, and I quote "dont know a thing about where it will come from yet" (Davos).) Because thats also equal to 'a reset' or at least a positive motivational perspective.
But then you currently have 'future growth expectance' around virtual concepts noone has EVER build a valuable company out of. Like - the concept of a blockchain for instance.
But if they do - by god, if they do -- you'd all of a sudden need all the bitcoin-bros, that were so loyal for all those years in the first place...
Seems like a good tale about current economic and social problems to me. Not that anyone would care, as I said before.