Use large inheritances for redistribution and thus promote meritocracy. — Problem
Inheriting is now mostly a matter for retirees. Only about one-fifth of heirs are under 50 years old. Capital remains with the oldest generation instead of flowing into education, start-ups, or innovations of the younger generation that urgently need it.
Problem
Inheriting is now mostly a matter for retirees. Only about one-fifth of heirs are under 50 years old. Capital remains with the oldest generation instead of flowing into education, start-ups, or innovations of the younger generation that urgently need it.