I agree with you. That is why I wrote that paragraph in a hypothetical tone.
It is obvious that the spoiled kids of rich parents will waste their money away no time. So the balance can be restored naturally, doesn't have to be taken away forcefully.
The offsprings of a succesful parent will never be as good as he is, even the IQ levels even out over time. So whether through excessive partying, chasing women, or just pure bad investments, he will guarantee to lose most of the fortune of his parents.
If you really think about it, there is actually no reason for taxation at all. If it's not moral then it's most likely not logical either.
The only reason I wrote this post is to just provide an intermediary roadmap, until we really get to a voluntary society.
You can't get from A->B immediately, so some of it can be scaled down in the meantime.
But in the end the free market will be a zillion times more efficient than any centralized monopoly system.
Agreed. Hey, it's not our money anyway unless it was stolen :)