Hey, this is a fantasy world where I am immune from assassination. The thread title specified (to me at least) that we can share our most radical ideas here in order for them to be judged on their objective merits in an ideal world, and not on their feasibility in the real world. You can't assassinate me for a theoretical forum post. If you dislike the idea for other reasons, please make them known so we can have a fruitful discussion about it.
I feel that most people would be supportive of this idea because hardly anybody stands to inherit more than a million dollars. We could make it a flexible amount that changes every year based on inflation. We could add an exception clause that exempts the main family residence of the deceased from the calculation of their estate, too. So the threshold would be $1mn in cash and assets, and the main family domicile are tax-free.
That would all but guarantee that the only people negatively affected by this law would be the blue-blooded Old Money types, and the big swinging dikks
of Wall Street, as they call themselves. The self-styled Masters of the Universe. You know who I mean, all those hedge fund managers, merchant bankers, and big shot corporate executives.
And to be honest the whole idea behind trickle down theory is that those Old Money and Master of the Universe types spend a lot of their wealth, spend it almost as quickly as they make it. But they obviously don't, in reality they hoard it. Bringing in such a law would force them to spend their money before they die so as to reduce theie tax burden, which in turn would see the wealth actually trickle down and see the economy get a huge shot in the arm. It's win-win for everyone except those who want to hoard their money.