Sanders has proposed a dramatic increase in the estate tax. It doesn’t raise constitutional issues and it wouldn’t create administrative problems that the IRS hasn’t seen before. It would, over the long run, help to eliminate plutocrat dynasties, and thus reduce inequality, without doing much damage to work incentives. It would also raise money for the expensive new social programs that are being tabled by a variety of candidates.
The Sanders legislation is more reasonable and moderate than the Warren wealth tax. Who would have imagined it?