Michael Muthukrishna makes the case for land and inheritance tax

Evonomics · evonomics.com ↗Why Capitalism Works When Choosing Wealth Creation, Not Wealth Extraction - EvonomicsWealth creation and wealth appropriation are often conflated, but they must not be confused.

If debt were inherited over generations, it’s easy to see how it would quickly leave some trapped in permanent multigenerational poverty, unable to escape no matter how hard they worked or how high an income they managed to secure. The interest on debt would compound over generations and eventually no amount of work would be enough for it to be paid off. Being trapped in debt is something many can understand. But the reverse – inherited wealth – has exactly the same effect on society.
A few people and their descendants, like

Benjamina and his magic money printer, have a distortionary effect and control over our society and our energy budgets, reducing the space of the possible, our ability to innovate, and ultimately preventing us from cracking the next energy level that leaves everyone better off. In turn, we gradually enter a new feudalism.