As the adult children of baby boomers start inheriting their parents' wealth, it's time we looked seriously at taxing this unearned income.
It is rare for a post-authoritarian society to get two chances to reconcile. This may be just that, for white South Africans in particular.
Even allowing for falls in asset values and some tax dodging, a modest tax on the wealthiest could pay off the government's ballooning debt.
A wealth tax on the top 1% of South Africans could raise R143 billion. This corresponds to 29% of the R500 billion COVID-19 package announced by the government.
Every Democratic presidential candidate plans to raise taxes on wealthier Americans and corporations, but they differ in how to get there.
Other measures might raise as much as her proposed wealth tax, but Democratic front-runner Elizabeth Warren likes big gestures.
Inequality has reached untenable levels – public spending and wealth taxes are needed.
The winner will set the course of America for years to come.
A fairer and more efficient way of taxing wealth can benefit society as a whole.
The South African budget speech echoed the theme of rebuilding set out by President Cyril Ramaphosa in his state of the nation address.
Archbishop Bishop Desmond Tutu is well known for having invoked an ubuntu ethic to evaluate South African society, and he can take substantial credit for having made the term familiar.
South Africa needs to start thinking about life after President Jacob Zuma. Given the damage that he's done, serious thought should be given to forming a government of national unity.
There has been a great deal of research, planning and talking to come up with solutions to South Africa's higher education funding crisis. Some of these plans must now be put into action.
When South African inequality is discussed, the focus tends to be on income brackets. But the main problem is wealth inequality
Two centuries of tax policy show efforts to raise taxes on the rich hinge on questions of fairness. The history also suggests proponents have a tough road ahead.
The Greens are prepared to play Robin Hood, which probably won't go down well with the wealthy.