Money has no real value unless invested and/or spent. In a truly capitalist society all wealth, except that which is buried somewhere, produces wealth for many. That wealth can take numerous forms but it always produces jobs. Those jobs provide food and shelter for individuals and families. They also provide for protection (in the form of insurance), recreation, and savings – all forms of wealth.

If a person inherits wealth he will spend it or it does him no good. How he spends it will provide him with either short-term or long-term gain, but it will provide the recipients with their own form of gain (wealth). That, to me, is the most fair and equitable form of redistribution I can think of. As Ayn Rand said, a person must be “worthy” of his money to keep it. But either way it will always find it’s way into the hands of others.

I personally know a man who took a family fortune of some tens of millions of dollars and turned it into what is now over a two billion dollar net worth. Over the years he has created over 100 companies employing many thousands of people. He gives enormous amounts of his fortune to charitable institutions. And when he dies, even though his children (who have all helped in his wealth creation strategies) will receive large portions of the enterprise, the bulk of his estate will go to charity. He has done it all honestly and mostly in manufacturing industries. This man has done far more good with his inheritance than any gaggle of government employees could ever dream of. He has invested it wisely because it is HIS MONEY!

Frankly, I don’t know how you can suggest that government, through the use of force, governed by political expediency, can produce a better result? Without government interference, money always finds it’s way into the hands of those most deserving.