Challenges and Implications of the Great Wealth Transfer

This chapter discusses the potential challenges and implications of the upcoming wealth transfer, particularly in relation to family-run businesses. It highlights that a significant percentage of these businesses may not survive the transition, leading to job losses, productivity losses, and supply chain problems. The chapter explores the tax aspects of the wealth transfer, mentioning estate taxes and their potential impact on family businesses. It also raises the question of how governments should handle this wealth transfer. Overall, it emphasizes the significant impacts and opportunities that the wealth transfer will bring.