How wealth is passed on through the generations
You may have seen John Oliver use the lottery to demonstrate how income inequality works, but why has it recently become more of a problem? UC Berkeley’s Robert Reich talks about how our recent policies around the estate tax have long term consequences:
We’re on the cusp of the largest inter-generational wealth transfer in history. The “self-made” man or woman, the symbol of American meritocracy, is disappearing. Six of today’s ten wealthiest Americans are heirs to prominent fortunes.
Reich has some ideas for solutions to this issue and you can read about them here.