The estate tax already exists, and it's already a wealth cap of sorts. The federal government taxes large estates at 40%, and several states pile on their own. Tax Policy Center on the estate tax. Fortunes don't survive many generations of that intact. The old money families everyone pictures are the exception, shredded by division among heirs and taxation. If dynastic wealth is the concern, the fix is tightening the estate tax and closing the trust loopholes, not a new category of banned person. We already built the mechanism. Use it.
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