... How can the (CTZ) leave a legacy after death and ensure the full output of their labor (FOL) is left to that legacy?
Humans have an innate desire to leave a legacy to their loved ones. How can we provide for that without centralizing capital.
We should provide for the inheritance of prefs, cash, and capital to descendants in a progressive manner.
We want productive citizens to act in their interest and the interest of their families. It is a core driver in our capitalism, but we must also provide for the fact that capital tends to concentrate.
A progressive a system of wealth tax should be implemented as an inheritance tax.
The government should not take control of inherited prefs. Prefs eventually need to degrade to nothing as well.
Establish a progressive inheritance tax.