Would a very low income tax and a very high inheritance tax please everybody?

[Baobab]

18. Tax on wealth upon death would be 100% - $10M for each child.

Remember that there would be little work so the effect would be that few people would pay tax. Suppose only one in ten people who gets an advanced degree ever gets good enough to get a job, even then few would ever get good enough to be taxed, because they would just make minimum wage. However some people would accumulate trillions of dollars 9where we're headed now) and when they died all of that would go to support society.

We're assuming lack of work due to automation. Thats pretty much a given. It wont be a matter of getting work if you just accept less, machines wil do all that work. Virtually nobody will work unless they want to. Those people will likely be doing it more for personal satisfaction than for money.

After all, money will not be necessary. Which makes sense because so few people will make much of it.