I’d rather sell off mementos than lose livelihood. We all know the top 1% shelter and live off non income based tax shelters, and then just pass those shelters on through legacies. Given the arbitrary caps on assets your grandmother’s Polaroids would likely be safe. You wont see good faith attempts to fix taxes regardless though, as politicians are in the business of making money, so would never go after their own livelihood.
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This is an area I have said needs to be taxed to hell, there is no good reason we should allow the passing of wealth without heavy penalty. I’m convinced that if we taxed all forms of wealth transfer at something like 80%, we could pretty much get rid of income tax. Income you have earned should be your entitlement, assets passed down to you should be where the taxes cut in.
Your two examples of the causes, “back taxes” and “grandma has two wills” would be solved still in the case of Blockchain. I’m no die hard fan of crypto currency. However if taxes were verifiable on chain, wills were verifiable and unique globally, then there would be no second will.
Say what you will about Blockchain being one big slow database, it is still one big slow database of huge magnitude, that enforces global uniqueness. Again I’m not entirely sold on the premise but look at how our taxes are done, social security numbers, identities. All these problems stem from a lack of a decentralized authority. If some random credit agency says bill down the street is me, we have no concrete and secure means of verifying uniqueness.
Personally, i have been saying for years that identity should be tied to asymmetric encryption. Definitely do not need Blockchain exclusively to solve these problems, but it’s better than what we have now.
I want to like pass keys, but the current gate keeping by google, apple, and Microsoft keeps me from using them. Hopefully support grows outside of browser extension bs as I refuse to use chrome, edge, and so on.