““Discouraging the formation of dynasties is particularly important. If a billionaire dies and leaves his money to his family, there are going to be a bunch of worthless nephews sitting around half-finished castles playing Nintendo all day. Since not everybody has a billionaire uncle, this would be unfair to poor people, who may not be able to afford Nintendos. Rich families could otherwise deploy their vast wealth to buy elections for themselves or others, as happened with presidents Mitt Romney and Newt Gingrich. Hence””
