I suppose if I were to suggest a 70% tax - you might think that too would bordering on a Soviet policy?
https://www.snopes.com/fact-check/high-income-earners-tax-ra...
Taxes are so nominal, that the haircut is almost non-existent. Beyond theory, I’m very well aware as my close friend inherited a property portfolio, and is now set for life.
Unfortunately, most are not as lucky, and therefore we should not rely on the inheritance lottery to act as our social security.