Is Inherited Wealth a Curse?
Does passing down wealth through the generations entrench inequality?
Does passing down large amounts of money within families drive the gap between rich and poor even wider? It seems that some of the world's richest people, like Bill Gates, recognised this and have pledged to give away most, if not all, of their wealth to good causes rather than their children. Is inherited wealth a curse, both on a personal and macro-economic level? Should we tax it much more heavily, or even ban inheritance altogether? Manuela Saragosa is joined by a global panel of guests to unpick the issues on intergenerational fairness.
Contributors: Barbara Blouin, founder of The Inheritance Project, Karen Rowlingson Professor of Social Policy at the University of Birmingham, Edward Wolff, Professor of Economics at New York University and J酶rgen N忙sje, State Secretary in Norway's Finance Ministry.
(Picture: College Republicans Rally For Repeal Of Estate Tax. Washington DC June 2006. Credit: Getty Imgages)
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- Sat 9 Sep 2017 02:06GMT成人快手 World Service except Americas and the Caribbean, East and Southern Africa, News Internet & West and Central Africa
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- Sun 10 Sep 2017 14:06GMT成人快手 World Service East and Southern Africa & West and Central Africa only
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In the Balance
The biggest financial stories and why they matter to us all.