As the adult children of baby boomers start inheriting their parents’ wealth, it’s time we looked seriously at taxing this unearned income.
Inequality has reached untenable levels – public spending and wealth taxes are needed.
Most inheritances go to middle-aged Australians who don’t need help.
Not only do we not tax inheritances, we actually subsidise them, making the already well off even better off.
It’s one thing to oppose a tax on inheritances. It’s quite another to subsidise inheritances.
The media loves a victim, but sympathy for someone who won’t spend what they’ve got because they’re saving for their children is taking it too far.
From wealth, to the natural world, to genes and intelligence, a podcast exploring the theme of inheritance.
Should wealthy Canadians pay an inheritance tax? In this photo from 2002, David Thomson listens during the annual meeting of Thomson Corp. The Thomsons are considered Canada’s richest family.
(CP PHOTO/Aaron Harris)
Canada is the only G7 country that doesn’t have an inheritance tax. A new report says that should change. The idea of sharing the wealth from one generation to another is not new.
Headquarters of the US Department of Housing and Urban Development in Washington, DC.
Carol M. Highsmith/Library of Congress
An April 2017 survey explored Americans’ opinions about government intervention and welfare policies. It found that on average, they want more from their government, but are highly polarised.
French economist Thomas Piketty spends less time explaining why excessive wealth inequality matters.
Some people evidently think wealth inequality is a good thing, but there’s plenty of evidence to show the problems it causes.
The abolition of inheritance tax in Norway is having repercussions on their cabin culture.
Tough as old boots. Osborne prepares a hard budget for some.
Commitments made at election time have a habit of tying the Chancellor’s hands come budget day.
Dave the vague.
The Conservatives have missed their chance to map out a coherent tax strategy.
Marina Picasso is planning on selling a number of her grandfather’s works in the upcoming year.
Over the last nine years, more money has been spent on Picasso than on any other artist. How much does Picasso’s granddaughter stand to earn? And why are some in the art world concerned?
Time for a tax rise?
No one likes tax but inheritance tax (or “death tax”) is the focus of particular moral outrage. On the face of it, this is odd. The reason tax is disliked is because it reduces the money you can spend…