Comment by bedhead

I’ve long argued for massive estate tax rates on large estates in order to incentivize behavior like this. I have no problem at all with Bezos being worth $200 billion (or whatever it is now), but it’s this dynastic wealth that I find borderline sickening. Why in the hell should the Rockefeller’s of today be billionaires??? Also, these giant charitable foundations/family offices are similarly off-putting, as they are setup as semi-perpetual institutions that often only make the minimum 5% distribution annually. (Another fix would be to jack that up to 25% upon death) Big estate taxes seem to solve for a lot of problems with appropriate compromises.