148
More than $70tn of inherited wealth over next decade will widen inequality, economists warn
(www.theguardian.com)
Nah, it'll trickle down.
this post was submitted on 04 Nov 2025
148 points (99.3% liked)
News
33010 readers
2854 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
Annnnnny day now....
Inheritance taxes are pretty high where I am. I won't get much of what my parents have earned.
With all the free time in retirement my father has actually tried looking for more optimal ways to structure their wealth. There is none for average normies like us without getting butt fucked by the tax man. This kind of thing no doubt gatekept to millionaires and above. Those who can afford to hire people to do accounting tricks. And to buy politicians to make favorable legislation.
I'm pretty sure a big reason for the massive right wing shift over the past decade is in no small part due to this generational wealth transfer. The rich are fighting economic war that the rest of us don't even know about.
People are distracted by the current bullshit of politics. Nobody ever talks about this generational wealth transfer. It's the big one.
In the US they've already given what is it like trillions in tax breaks to the rich. The poor are funding it basically.
Everyone thinks things are bad already. I think this is only the beginning.
That is why preovressive tax brackets must be a thing, and those brackets very carefully determined.
This is where the reverse mortgage is really going to start fucking over the poor.
Oh look, the banks got your inheritance and your family’s real estate.
Living As A Service
I mean it's just feudalism at this point, with more entertainment.
I am not entertained.
Can it be avoided if the remainder of the estate pays off the home?
Though I guess if that were the case maybe they wouldn't have gotten a reverse mortgage to begin with...
JFC, inheritance tax much? Get your shit together.
And if capitalists cared about inequality, I'm sure they'd be very worried about this.
They ARE worried. They are worried that the wealth discrepancy isn't wide enough. They always will, it is the point of capitalism. Make money govern the world, and they who have the most money will govern.
Is that not it? Am I wrong? Is this not exactly what we're seeing?
Wealth comes from labor.
We could always stop working, you know. All of us at once. Then what?
How does this widen the gap? The gap is already there, at worst it's staying the same through inheritance. It's more likely to dilute somewhat as there tend to be multiple inheritors splitting up the fortune their parents amassed
Well you see it is the story about Achilles and the turtle. Money compounds. So for every dollar you make, they make what you make plus some multiple, and for each dollar that multiple increases, because they make what you make plus the multiple plus the increase on that multiple that springs from having more dollars than you.
So, not only can you never catch up, the distance between you and them increases exponentially over time, every time you make a dolla.
I suppose it's because when the trillions go to the rich, they tend to stay there even after death. And that too supports the trend of trickle up economy. Trickle down is a myth.