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The important inter-generational wealth transfer these days are a) moving to a neighborhood with good schools, and b) paying for college. To intercept this ineq
by closeparen 6y ago
The important inter-generational wealth transfer these days are a) moving to a neighborhood with good schools, and b) paying for college. To intercept this inequality with taxation, you’d need to tax the beneficiaries of these gifts enough to wipe out the lifetime earnings advantages associated with skilled labor.