Inheritance tax is a four letter word:)

Jeff

Political dynasties have been a part of U.S. politics pretty much forever. But is a dynasty like the Rockefellers or Kennedys or Roosevelts necessarily bad? Maybe, but only if the power of the families becomes so entrenched that they start manipulati…

I’d glad you included public financing of elections. As you know, I’ve been railing about the chronic underfunding of the public financing system for some time.

Thanks for the thoughtful post.

If Dynasties are strong not much changes, Children of actors become actors, writers parent writers, bureaucrats parent bureaucrats, farmers beget farmers, carpenters beget carpenters, beggars beget beggars. And progress grinds to a halt, sometimes for thousands of years.

It is only when change arrives by merit and inspiration, that people can make themselves what they were never born to, that that flash of growth occurs. That was the primary reason for progressive taxation, and inheritance taxes, to retard that sort of thing, but free universal education. anti-nepotism laws (at least in Government, if not elsewhere)should be a minimum, as well as what ever cultural forces as can be gathered to discourage such deeply seated prejudices, is what will keep a society able to change with circumstances.