In a literal nutshell, if your parents were wealthy, you should pay higher taxes. This is pathetic:

We need a tax policy that accounts for how economic benefits and disparities are passed down from generation to generation. To do that, we could calculate tax rates based not just on what people earn now — as traditional progressive taxation does — but also on the income their families brought in during their critical childhood years. We shouldn’t tax the first-generation college graduate who makes a half-million dollars at the same 39.6 percent marginal tax rate as we do the heir who had his job handed to him.

Let’s introduce the Great Gatsby tax rebate for upward mobility: Tax the millionaire who comes from great wealth at 42 percent, and allow the entrepreneur who grew up in a lower-middle-class family to pay 37.2 percent. That would be an extra 2.4 percentage points for the lifelong millionaire and a 2.4 percentage point break for the one who grew up poor. At the same time, let’s not punish a child of privilege who gives back to society by, say, becoming a social worker who earns $25,000 a year; we could confine intergenerational adjustments to the top bracket.

Gee, because taxes aren’t complicated enough, and the inheritance tax doesn’t already do this?

Best comment of those I read:

Perhaps if a prisoner dies in prison without finishing his sentence, we can round up their kids and have them serve the rest of it for them.

That makes about as much sense as the foolish proposal we just read about.