Flat tax is a fail, consumption tax is a fail, not taxing inherited wealth is a fail.
You know..there aren't THAT many super wealthy in the world that this applies to...
What is wrong with inheritance? You think the family farm should not be able to be handed down from father to son, without taxing it into oblivion? This thing being abolished doesn't just hurt the rich like you wish it to...it hits the middle class too. Why should parents not be able to will their lives work, homes and all to their children, without forcing the children to basically give it up if they don't have all the tax money to pay for it? That doesn't seem right.
The trouble is, the rules you want to put in place..hurt more than just the super wealthy.
If we were to have no tax on the necessities of life..food, shelter, utilities, gas...etc. what would be wrong with hitting with a consumption tax? I mean, that just taxes folks on luxury spending of disposable cash, does it not? That would hit the "rich" more than others since they have and spend more disposable cash....
Why not a graduated simple flat tax? I mean, even a poor person should have at least a little skin in the game, no?