Socalism is quite a nice concept and one that has the potential to be implemented at a large scale.

Communism! How dare he! Giving power to the people who built his wealth from? Might as well give him a parade in Red square!

But seriously people shouldn’t be able to transfer their corporations to their families. Once you die/retire it goes to the workers by law. If you didn’t amass enough wealth in that time frame maybe you should have budgeted better. Why should current and future workers continue supporting wealthy peoples children.