The problem isn't really the billionaires, so much as they are the modern version of the king/feudal system because the wealth becomes hereditary.
I'm pretty much a believer that estate taxes should be 100% over some fixed threshold, say 5x the median wealth. And no, I don't feel bad about the "family farm" which turns out to be worth 50 million dollars.
I'm pretty much a believer that estate taxes should be 100% over some fixed threshold, say 5x the median wealth. And no, I don't feel bad about the "family farm" which turns out to be worth 50 million dollars.