Can't unscrupulous parents just give wealth to their kids before death, avoiding the Millionaire Estate Tax? How will Meritocracy handle legal loopholes?
Loopholes can be closed. It should be a crime for one family to accumulate dangerous…
What would happen to a large business if the person who created it died suddenly? Who would become the owner if there were no spouse or children? Would the state be able to own businesses?
Bear in mind that most truly large businesses are corporations owned by shareholders. The death…