Odd to see a stress on interest in a problem for its own sake from pg, who has elsewhere written that the startup economy would be crippled by raising taxes on people who had already gotten fabulously rich. If being in it for the money is "the wrong motive" to do a startup, downgrading the potential financial gains from set-for-dynasty to merely set-for-life would seem to be a way of ditching the poseurs...
> downgrading the potential financial gains from set-for-dynasty to merely set-for-life would seem to be a way of ditching the poseurs I've really started to think that inheritance is one of the biggest problem we have. Each one has the right to their own worth and riches acquired through their own effort, but if you pass those on afterwards then you create a dynasty that defeats the point of meritocracy and equality…
1. The elite will still hand down a superior education and social connections to their progeny, so their children will still be privileged, just not ridiculously so like they are today
2. This will incentivize parents to invest more in their children's soft development, rather than just handing down their wealth and calling it a day