> Is it so simple? The highest marginal tax rate in the US is 50.3% (37% federal + 13.3% state in California). The highest marginal tax rate in Norway is 47.4%.

Marginal income tax rate. People's aggregate incomes are a drop in the bucket compared to the amount of wealth in the world.

I'm mostly a fan of free markets, but the way we've set up the game around the Western world, we're moving back towards a sort of feudal system made up of an asset owning upper class and then everyone else who needs to work to survive.

I think what we need is a 100% marginal estate tax. Maybe something along the lines of 1M$ tax free per child and spouse.

Everyone should have the right to vast financial success through free enterprise, but no one should be able to build multi generational dynasties, since it destroys the fabric of democracy over time.