Say it with me folks, inheritance tax.

We are entering into "the great wealth transfer" where about $5.2 trillion (that's the one with more zeros than I can count) is about to pass from the, largely undeserving, super rich to their entirely undeserving heirs.

"Research by Forbes magazine found there were 15 billionaires aged 30 or under but that none had created their own wealth, instead benefitting from huge inheritances."

https://www.theguardian.com/business/2024/apr/03/all-billionaires-under-30-have-inherited-their-wealth-research-finds

#economics #TaxTheRich #EatTheRich

All billionaires under 30 have inherited their wealth, research finds

Fifteen young billionaires are among the first wave of a $5.2tn transfer of wealth by the ageing super-rich

^{Rupert Neate (The Guardian)}