From a forthcoming article on Leave No-one Behind: 2 cars racing, 1 ahead of the other. Slower car speeds up – that’s poverty reduction. But car in front speeds up faster – that’s widening inequality. Space between the cars grows – that’s being left behind. Poverty≠Inequality
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My instinct is that if it wasn't for inequality the inheritance had already (in theory) been taxed once.
(in the UK) not if its a capital gain on your home (which is most of the wealth that most people pass on) . It's also mainly not included in inheritance tax. So untaxed twice.
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Same in Denmark. And l really think we should fix that. Not just an intergenerational problem.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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