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> Taken together, much of the best available evidence suggests that the median dollar of wealth in the United States has been inherited by someone in the riches
by Merman_Mike 6y ago
> Taken together, much of the best available evidence suggests that the median dollar of wealth in the United States has been inherited by someone in the richest 5 percent of families.
https://www.washingtonpost.com/us-policy/2019/02/06/people-like-estate-tax-whole-lot-more-when-they-learn-how-wealth-is-distributed/ https://www.washingtonpost.com/us-policy/2019/02/06/people-l...
- whimsicalism 6y agoAnd estate taxes just keep getting lower. Nevermind that you don't have to pay capital gains on inherited equity. Many people aren't aware of just how bad wealth inequality has gotten in the last 25 years.
- Merman_Mike 6y ago> Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires.