The reluctant millionaires
The Documentary Podcast
00:00
Why Wealth Lasts for Generations
The way inheritance tax works in the US is it doesn't. As people make money, their children become richer too and those children make more money. And wealth lasts for generations. These simple rules allow US families to hold onto their wealth for generations. When we specifically are putting in policies that discourage investment, that discourage savings, it has a very detrimental effect on the economy.
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Transcript
