(Read free) Inheriting Wealth in America: Future Boom or Bust?
• Edward N. Wolff •
| 2015-01-27 | 2015-01-27 | File Name: B00PXTXIPW
||||"A 'Must Read' for anyone interested in recent trends in wealth ownership and inheritance in the USA. Ed Wolff's comprehensive analysis builds the intellectual case for taxing large wealth transfers as income in the hands of recipients and exempting the smal
Inheritances are often regarded as a societal "evil," enabling great fortunes to be passed from one generation to another, thus exacerbating wealth inequality and reducing wealth mobility. Discussions of inheritances in America bring to mind the Vanderbilts, Rockefellers, and "trust fund babies"---people who receive enough money through inheritances or gifts that they do not have any need to work during their lifetime. Though these are, of course, extreme outliers, inhe...
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