What about gifts? Does it follow that gifts are a form of corruption, that exchanges need to be equivalent? Or how would you, for both practical law application as well as moral purposes, distinguish an inheritance, from a gift before death, from a gift in life, from providing shelter in youth and from giving a the gift of life through a part of oneself?
This isnt abstract, modulo reasonable thresholds Gifts are taxed as income by value in most countries. Inheritance (in the US) _is_ the weird wealth transfer exception.
Just checked and in argentina there is no federal tax gift, and in some provinces it's just much lower. We also have a wealth tax so that may address the gen wealth issue in another manner.
Tax is like that different in every country and hard to compare apples to apples.
I could only see this statement being accurate in a world where each generation of kids was synchronized into a discrete quanta. The continuous and arbitrary nature of birth and death in the real world makes this viewpoint somewhat incoherent to me.
