False. There are numerous examples of very high estate tax societies that didn’t descend in to chaos. Are you also for a landed gentry with inherited titles? If not why? Why is one type of property ok to pass down and not the other.
The notion of the “idle rich” spoiled offspring exists for a reason. Nothing kills ambition more than unearned wealth. Obviously there are many counter examples with many wealthy heirs contributing significantly to society. But I would argue that they would behave the same if they inherited less.
As Aristotle roughly said, the mean between extremes is often the right answer. You could completely eliminate any transfer of wealth without social collapse; just like you could have essentially unlimited transfer of wealth with out social collapse: you would just end up with an aristocratic system. The question is what do you want to create.
The notion of the “idle rich” spoiled offspring exists for a reason. Nothing kills ambition more than unearned wealth. Obviously there are many counter examples with many wealthy heirs contributing significantly to society. But I would argue that they would behave the same if they inherited less.
As Aristotle roughly said, the mean between extremes is often the right answer. You could completely eliminate any transfer of wealth without social collapse; just like you could have essentially unlimited transfer of wealth with out social collapse: you would just end up with an aristocratic system. The question is what do you want to create.