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Some premises seem questionable:



1) Why is it good to force fortunes to "fade"? The money was allegedly honestly earned, it is their right to have it.



2) Why is how someone came to honestly possess money a determinant on if they should be allowed to keep it? We can take property based on moral grounds?



3) Why is diminishing the better off an inequality cure? Should we not instead focus on lifting up the less well off?



4) Wealth is merely unrealised demand - to be realised when either wisdom overtakes its owner or heirs gain access to the funds. Weath is not a social threat.



It is far more efficient to focus on lifting up the less well off if reducing inequality is the main goal. If imposing some sort of jealousy based morality penance on the well off is the goal, punitive estate taxes are great.