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Talmon Smith: Assessing the Greatest Wealth Transfer in History

The Long View

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The Importance of Wealth Taxes

High net worth and ultra high networked individuals, those with at least 5 million and 20 million in cash or easily cashable assets constitute 42% of the volume of expected transfers through 2045. So that's $36 trillion of money and it is highly, highly concentrated. And much of it will get passed on though the health care expenses will eat up a good bit of it. Abundance for the middle class and working class isn't necessarily this I for an eye trade off but it is true that as people become magnificently wealthy things to the booms, especially in tech banking and so on, that they've also been taxed less than they otherwise would have been with old tax

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